Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$42.09 and traded as high as C$46.01. Canadian Apartment Properties REIT shares last traded at C$45.65, with a volume of 334,736 shares changing hands.
Wall Street Analyst Weigh In
Separately, Scotiabank cut their price objective 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 report on Thursday, May 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of C$54.50.
View Our Latest Stock Report on CAR.UN
Canadian Apartment Properties REIT Stock Performance
The stock's 50 day moving average price is C$43.87 and its 200 day moving average price is C$42.13. 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 company has a market capitalization of C$7.50 billion, a P/E ratio of -140.13, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.
About Canadian Apartment Properties REIT
(
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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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