National Bankshares Lowers Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$56.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective lowered by National Bankshares from C$60.00 to C$56.00 in a research report report published on Wednesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

CAR.UN has been the topic of several other reports. TD Securities raised their price objective on Canadian Apartment Properties REIT from C$61.00 to C$62.00 and gave the company an action list buy rating in a research report on Monday, February 26th. Laurentian set a C$55.00 price objective on Canadian Apartment Properties REIT and gave the company a buy rating in a research report on Monday, January 22nd. Scotiabank cut their price objective on Canadian Apartment Properties REIT from C$55.00 to C$53.75 and set an outperform rating on the stock in a research report on Monday, March 25th. BMO Capital Markets raised their price objective on Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the company an outperform rating in a research report on Monday, February 26th. Finally, CIBC raised their price objective on Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the company a neutral rating in a research report on Monday, February 26th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of C$56.37.

Canadian Apartment Properties REIT Trading Down 0.1 %

Shares of CAR.UN opened at C$43.00 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 76.65. The firm has a market capitalization of C$7.21 billion, a P/E ratio of -17.70, a price-to-earnings-growth ratio of -10.12 and a beta of 1.18. The stock’s fifty day simple moving average is C$46.92 and its 200 day simple moving average is C$46.77. Canadian Apartment Properties REIT has a twelve month low of C$40.52 and a twelve month high of C$54.60.

Canadian Apartment Properties REIT Company Profile

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (“MHC”) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.