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TSE:CAR.UN

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

C$47.64
-1.16 (-2.38%)
(As of 09/21/2023 ET)
Compare
Today's Range
C$47.61
C$48.76
50-Day Range
C$47.64
C$52.89
52-Week Range
C$39.08
C$52.98
Volume
262,757 shs
Average Volume
338,508 shs
Market Capitalization
C$7.97 billion
P/E Ratio
54.76
Dividend Yield
3.04%
Price Target
C$57.40

Canadian Apartment Properties REIT MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
20.5% Upside
C$57.40 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.94 out of 5 stars


CAR.UN stock logo

About Canadian Apartment Properties REIT (TSE:CAR.UN) Stock

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.

CAR.UN Price History

CAR.UN Stock News Headlines

The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
Canadian Apartment (CAR.UN) Received its Third Buy in a Row
Desjardins Keeps a Buy Rating on Canadian Apartment (CAR.UN)
The single greatest medical breakthrough of all time?
We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.
CAR_u Technical Analysis
Canadian Apartment Properties REIT reports FY results
See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Current Symbol
TSE:CAR.UN
CIK
N/A
Fax
N/A
Employees
908
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$57.40
High Stock Price Forecast
C$62.00
Low Stock Price Forecast
C$54.00
Forecasted Upside/Downside
+20.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
7 Analysts

Profitability

Net Income
C$155.44 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$1.03 billion
Cash Flow
C$0.82 per share
Book Value
C$57.46 per share

Miscellaneous

Free Float
N/A
Market Cap
C$7.97 billion
Optionable
Not Optionable
Beta
1.05
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Key Executives

  • Mr. Mark Kenney
    CEO, Pres & Director
  • Mr. Scott Cryer
    Chief Financial Officer
  • Mr. Stephen Co
    VP of Accounting
  • Ms. Corinne Pruzanski
    Gen. Counsel & Corp. Sec.
  • Ms. Jodi Lieberman
    Chief HR Officer













CAR.UN Stock - Frequently Asked Questions

Should I buy or sell Canadian Apartment Properties REIT stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Apartment Properties REIT in the last year. There are currently 1 hold rating, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAR.UN shares.
View CAR.UN analyst ratings
or view top-rated stocks.

What is Canadian Apartment Properties REIT's stock price forecast for 2023?

7 brokers have issued 12 month price targets for Canadian Apartment Properties REIT's shares. Their CAR.UN share price forecasts range from C$54.00 to C$62.00. On average, they expect the company's share price to reach C$57.40 in the next year. This suggests a possible upside of 20.5% from the stock's current price.
View analysts price targets for CAR.UN
or view top-rated stocks among Wall Street analysts.

How have CAR.UN shares performed in 2023?

Canadian Apartment Properties REIT's stock was trading at C$42.68 at the start of the year. Since then, CAR.UN shares have increased by 11.6% and is now trading at C$47.64.
View the best growth stocks for 2023 here
.

Is Canadian Apartment Properties REIT a good dividend stock?

Canadian Apartment Properties REIT (TSE:CAR.UN) pays an annual dividend of C$1.45 per share and currently has a dividend yield of 2.99%. The dividend payout ratio is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable.
Read our dividend analysis for CAR.UN.

What is Canadian Apartment Properties REIT's stock symbol?

Canadian Apartment Properties REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CAR.UN."

How do I buy shares of Canadian Apartment Properties REIT?

Shares of CAR.UN stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Canadian Apartment Properties REIT's stock price today?

One share of CAR.UN stock can currently be purchased for approximately C$47.64.

How much money does Canadian Apartment Properties REIT make?

Canadian Apartment Properties REIT (TSE:CAR.UN) has a market capitalization of C$7.97 billion and generates C$1.03 billion in revenue each year. The company earns C$155.44 million in net income (profit) each year or C$0.87 on an earnings per share basis.

How many employees does Canadian Apartment Properties REIT have?

The company employs 908 workers across the globe.

How can I contact Canadian Apartment Properties REIT?

Canadian Apartment Properties REIT's mailing address is 11 Church St Suite 401, TORONTO, ON M5E 1W1, Canada. The official website for the company is www.caprent.com. The company can be reached via phone at +1-416-8619404.

This page (TSE:CAR.UN) was last updated on 9/21/2023 by MarketBeat.com Staff

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