Canadian Apartment Properties REIT (TSE:CAR.UN) Shares Cross Above Two Hundred Day Moving Average - What's Next?

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CAR.UN shares. Raymond James decreased their price target on Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a report on Thursday, February 20th. TD Securities lifted their price target on Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a "buy" rating in a research report on Tuesday, February 18th. Scotiabank decreased their price objective on shares of Canadian Apartment Properties REIT from C$50.00 to C$48.50 and set an "outperform" rating for the company in a research note on Thursday, May 22nd. Finally, CIBC decreased their price objective 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 assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$54.50.

Canadian Apartment Properties REIT Stock Down 0.2%

The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The firm's 50-day simple moving average is C$41.71 and its two-hundred day simple moving average is C$42.07. The company has a market capitalization of C$7.49 billion, a price-to-earnings ratio of -139.94, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23.

About Canadian Apartment Properties REIT

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.