Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) shares passed 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 reduced their price objective on Canadian Apartment Properties REIT from C$50.00 to C$48.50 and set an "outperform" rating for the company in a research 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 a consensus target price of C$54.50.
Get Our Latest Stock Report on CAR.UN
Canadian Apartment Properties REIT Price 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 firm has a market capitalization of C$7.52 billion, a price-to-earnings ratio of -140.66, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. The business has a fifty day moving average of C$43.93 and a two-hundred day moving average of C$42.15.
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.
Read More
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 Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access