Canadian Apartment Properties REIT (TSE:CAR.UN) Share Price Crosses Above 200-Day Moving Average - What's Next?

Canadian Apartment Properties REIT (TSE:CAR.UN - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$42.17 and traded as high as C$46.29. Canadian Apartment Properties REIT shares last traded at C$46.05, with a volume of 329,953 shares.

Wall Street Analyst Weigh In

Separately, Scotiabank reduced 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Apartment Properties REIT presently has an average rating of "Moderate Buy" and a consensus target price of C$54.50.

Canadian Apartment Properties REIT Trading Down 0.4%

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 cap of C$7.55 billion, a price-to-earnings ratio of -141.16, a PEG ratio of -10.12 and a beta of 1.23. The business has a fifty day simple moving average of C$44.29 and a 200-day simple moving average of C$42.23.

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.