Canadian Apartment Properties REIT - CAR.UN Stock Forecast, Price & News

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (“MHC”) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Scotiabank reduced their price objective on shares of Canadian Apartment Properties REIT from C$64.50 to C$63.00 in a report on Wednesday, May 18th. CIBC reduced their price objective on shares of Canadian Apartment Properties REIT from C$55.00 to C$54.00 and set a "neutral" rating on the stock in a report on Friday. TD Securities boosted their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 and gave the company an "action list buy" rating in a report on Friday. Royal Bank of Canada reduced their price objective on shares of Canadian Apartment Properties REIT from C$69.00 to C$66.00 and set an "outperform" rating on the stock in a report on Wednesday, May 18th. Finally, National Bankshares boosted their price target on shares of Canadian Apartment Properties REIT from C$50.00 to C$52.00 and gave the stock an "outperform" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian Apartment Properties REIT has an average rating of "Buy" and a consensus price target of C$62.06.

Canadian Apartment Properties REIT Stock Down 0.1 %

CAR.UN Stock opened at C$47.54 on Friday. The company's 50 day moving average price is C$45.65 and its 200 day moving average price is C$49.99. The company has a debt-to-equity ratio of 66.42, a quick ratio of 0.13 and a current ratio of 0.18. Canadian Apartment Properties REIT has a fifty-two week low of C$42.69 and a fifty-two week high of C$62.77. The firm has a market capitalization of C$8.26 billion and a price-to-earnings ratio of 6.21.