Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$42.31 and traded as high as C$45.21. Canadian Apartment Properties REIT shares last traded at C$44.25, with a volume of 654,855 shares.
Analysts Set New Price Targets
CAR.UN has been the topic of several recent research reports. Scotiabank decreased their price target on shares of Canadian Apartment Properties REIT from C$50.00 to C$48.50 and set an "outperform" rating on the stock in a research report on Thursday, May 22nd. Canaccord Genuity Group lowered shares of Canadian Apartment Properties REIT from a "buy" rating to a "hold" rating and lifted their price target for the stock from C$46.00 to C$48.00 in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Canadian Apartment Properties REIT has a consensus rating of "Moderate Buy" and a consensus target price of C$53.78.
Check Out Our Latest Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Stock Performance
The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05. The stock has a market capitalization of C$7.31 billion, a PE ratio of -136.66, a PEG ratio of -10.12 and a beta of 1.23. The firm's 50-day simple moving average is C$44.54 and its two-hundred day simple moving average is C$42.35.
Canadian Apartment Properties REIT Company Profile
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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.
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