Canadian Apartment Properties REIT (TSE:CAR.UN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$56.37.

A number of equities analysts have weighed in on CAR.UN shares. TD Securities reduced their price target on Canadian Apartment Properties REIT from C$63.00 to C$60.00 in a research report on Wednesday, April 24th. Scotiabank reduced their target price on shares of Canadian Apartment Properties REIT from C$55.00 to C$53.75 and set an “outperform” rating for the company in a report on Monday, March 25th. CIBC lifted their price target on shares of Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the company a “neutral” rating in a research note on Monday, February 26th. National Bankshares reduced their price objective on shares of Canadian Apartment Properties REIT from C$60.00 to C$56.00 and set an “outperform” rating for the company in a research note on Wednesday, April 24th. Finally, BMO Capital Markets lifted their target price 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.

Canadian Apartment Properties REIT Stock Performance

Shares of Canadian Apartment Properties REIT stock opened at C$45.50 on Thursday. The company has a debt-to-equity ratio of 76.65, a current ratio of 0.19 and a quick ratio of 0.16. The firm has a market cap of C$7.63 billion, a price-to-earnings ratio of -18.72, a price-to-earnings-growth ratio of -10.12 and a beta of 1.18. Canadian Apartment Properties REIT has a one year low of C$40.52 and a one year high of C$54.60. The stock’s 50-day moving average is C$45.61 and its 200-day moving average is C$46.66.

About Canadian Apartment Properties REIT

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.