Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.53 and traded as high as C$42.89. Canadian Apartment Properties REIT shares last traded at C$42.44, with a volume of 369,103 shares changing hands.
Analyst Upgrades and Downgrades
Several analysts recently issued reports on the stock. TD Securities lifted their price target on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a "buy" rating in a research report on Tuesday, February 18th. Scotiabank dropped their price objective on Canadian Apartment Properties REIT from C$50.00 to C$48.50 and set an "outperform" rating on the stock in a research note on Tuesday. CIBC lowered their target price on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. Finally, Raymond James decreased their price objective on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a report on Thursday, February 20th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$54.50.
Check Out Our Latest Stock Analysis on CAR.UN
Canadian Apartment Properties REIT Stock Down 0.7%
The stock has a market capitalization of C$6.94 billion, a PE ratio of -129.81, a PEG ratio of -10.12 and a beta of 1.23. The company has a 50 day moving average price of C$41.46 and a 200-day moving average price of C$42.33. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16.
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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