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

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$42.01 and traded as high as C$43.92. Canadian Apartment Properties REIT shares last traded at C$43.66, with a volume of 205,381 shares trading hands.

Analyst Ratings Changes

Separately, Scotiabank reduced 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$54.50.

Canadian Apartment Properties REIT Stock Down 0.3%

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 business's 50 day moving average is C$42.77 and its 200 day moving average is C$41.93. The company has a market capitalization of C$7.29 billion, a price-to-earnings ratio of -136.31, a PEG 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.