Canadian Apartment Properties REIT (TSE:CAR.UN) Shares Cross Above 200-Day Moving Average - Time to Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$42.06 and traded as high as C$42.22. Canadian Apartment Properties REIT shares last traded at C$41.92, with a volume of 200,616 shares.

Analyst Ratings Changes

CAR.UN has been the topic of several research analyst reports. TD Securities boosted their price target on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Raymond James decreased their price target on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research note on Thursday, February 20th. 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 note on Thursday, May 22nd. Finally, CIBC decreased their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a research note on Tuesday, February 18th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Apartment Properties REIT currently has a consensus rating of "Moderate Buy" and an average target price of C$54.50.

Canadian Apartment Properties REIT Price Performance

The firm's 50-day moving average price is C$41.64 and its 200-day moving average price is C$42.09. 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$7.50 billion, a PE ratio of -140.19, a PEG ratio of -10.12 and a beta of 1.23.

Canadian Apartment Properties REIT Company Profile

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.