Shares of Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$42.28 and traded as high as C$43.10. Canadian Apartment Properties REIT shares last traded at C$43.01, with a volume of 469,848 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on the stock. 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 for the company in a report on Thursday. TD Securities increased their target price on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the company a "buy" rating in a research note on Tuesday, February 18th. Raymond James reduced their target price on shares of Canadian Apartment Properties REIT from C$54.50 to C$52.00 in a research note on Thursday, February 20th. Finally, CIBC reduced their target price 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. Based on data from MarketBeat, Canadian Apartment Properties REIT currently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.50.
Check Out Our Latest Research Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Trading Down 0.4%
The stock has a market capitalization of C$6.94 billion, a P/E ratio of -129.78, a PEG ratio of -10.12 and a beta of 1.23. 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 business's 50 day simple moving average is C$41.58 and its 200-day simple moving average is C$42.16.
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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