Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) hit a new 52-week low during trading on Friday . The company traded as low as C$34.94 and last traded at C$35.21, with a volume of 983160 shares changing hands. The stock had previously closed at C$36.68.
Analysts Set New Price Targets
Separately, TD Securities reduced their target price on Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a "buy" rating for the company in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$46.79.
Get Our Latest Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Stock Performance
The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The stock's 50-day simple moving average is C$36.60 and its two-hundred day simple moving average is C$37.51. The stock has a market cap of C$5.36 billion, a price-to-earnings ratio of 28.40, a price-to-earnings-growth ratio of -10.12 and a beta of 0.74.
Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported C($1.19) EPS for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.The business had revenue of C$247.90 million during the quarter.
About Canadian Apartment Properties REIT
(
Get Free Report)
Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Canadian Apartment Properties REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Apartment Properties REIT wasn't on the list.
While Canadian Apartment Properties REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
