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) Add Compare Share Share Today's RangeC$47.61▼C$48.7650-Day RangeC$47.64▼C$52.8952-Week RangeC$39.08▼C$52.98Volume262,757 shsAverage Volume338,508 shsMarket CapitalizationC$7.97 billionP/E Ratio54.76Dividend Yield3.04%Price TargetC$57.40 ProfileProfileAnalyst RatingsChartCompetitorsHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsHeadlinesSocial Media Canadian Apartment Properties REIT MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside20.5% UpsideC$57.40 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 2.5 Analyst's Opinion Consensus RatingCanadian Apartment Properties REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 5 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$57.40, Canadian Apartment Properties REIT has a forecasted upside of 20.5% from its current price of C$47.64.Amount of Analyst CoverageCanadian Apartment Properties REIT has only been the subject of 4 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CAR.UN. Previous Next 0.8 Dividend Strength Dividend YieldCanadian Apartment Properties REIT pays a meaningful dividend of 2.99%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthCanadian Apartment Properties REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Apartment Properties REIT is 166.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CAR.UN. Previous Next 2.6 News and Social Media Coverage News SentimentCanadian Apartment Properties REIT has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Real Estate companies.News Coverage This WeekMarketBeat has tracked 1 news article for Canadian Apartment Properties REIT this week, compared to 0 articles on an average week.MarketBeat Follows2 people have added Canadian Apartment Properties REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 0.8 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Apartment Properties REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 0.64% of the stock of Canadian Apartment Properties REIT is held by insiders.Percentage Held by Institutions41.31% of the stock of Canadian Apartment Properties REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Apartment Properties REIT is 54.76, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.50.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Apartment Properties REIT is 54.76, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 137.44.Price to Earnings Growth RatioDue to a projected decrease in earnings for Canadian Apartment Properties REIT, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCanadian Apartment Properties REIT has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canadian Apartment Properties REIT (TSE:CAR.UN) StockCAPREIT 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.Read More CAR.UN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CAR.UN Stock News HeadlinesSeptember 19, 2023 | americanbankingnews.comCanadian Apartment Properties REIT (TSE:CAR.UN) Shares Cross Above Two Hundred Day Moving Average of $49.01September 13, 2023 | msn.comHere’s a Better Way to Invest in Canadian Real Estate Instead of Canadian Apartment Properties REITSeptember 21, 2023 | Behind the Markets (Ad)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.August 8, 2023 | markets.businessinsider.comCanadian Apartment (CAR.UN) Received its Third Buy in a RowAugust 8, 2023 | markets.businessinsider.comDesjardins Keeps a Buy Rating on Canadian Apartment (CAR.UN)July 10, 2023 | msn.com5 Canadian Stocks for Beginners in July 2023July 6, 2023 | msn.comBecome a “Lazy Landlord” With These 3 Dividend StocksJune 20, 2023 | ca.finance.yahoo.com2 Canadian Real Estate Stocks for Stability and Growth PotentialSeptember 21, 2023 | Behind the Markets (Ad)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.June 8, 2023 | ca.finance.yahoo.com2 REITs You Can Safely Buy Even When the Housing Market Does WhateverMay 25, 2023 | msn.comWhy These TSX Stocks Are the Best Way to Play the Real Estate MarketMay 19, 2023 | msn.comPassive-Income Power Play: 2 Canadian Stocks That Are Getting CheapMay 11, 2023 | msn.comRioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking upMay 4, 2023 | marketwatch.comCanadian Apartment Properties Real Estate Investment Trust Un stock falls Thursday, still outperforms marketMay 2, 2023 | msn.com3 Canadian Real Estate Stocks Set to Profit from the Housing BoomMay 2, 2023 | marketwatch.comCanadian Apartment Properties Real Estate Investment Trust Un stock falls Monday, underperforms marketApril 25, 2023 | msn.comReal Estate Rising? 3 Stocks to Profit on Canada’s New FHSAsApril 24, 2023 | marketwatch.comCanadian Apartment Properties Real Estate Investment Trust Un stock falls Monday, still outperforms marketApril 12, 2023 | theglobeandmail.comBuffett says people shouldn’t worry about Berkshire and U.S. banks. Plus, how REIT distributions are taxedApril 7, 2023 | investing.comCAR_u Technical AnalysisMarch 28, 2023 | marketwatch.comCanadian Apartment Properties Real Estate Investment Trust Un stock falls Tuesday, underperforms marketMarch 13, 2023 | msn.comBetter Buy in 2023: Tech Stocks or Real Estate?March 9, 2023 | msn.comSafe Stocks to Buy in Canada for March 2023March 1, 2023 | marketwatch.comCanadian Apartment Properties Real Estate Investment Trust Un stock rises Tuesday, outperforms marketFebruary 23, 2023 | msn.comPassive Income: 3 Dividend-Growth Stocks to Buy Right NowFebruary 22, 2023 | seekingalpha.comCanadian Apartment Properties REIT reports FY resultsFebruary 21, 2023 | fool.caThese 3 Canadian Dividend Stocks Are a Retiree’s Best FriendSee More Headlines Receive CAR.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Apartment Properties REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address Industry, Sector and Symbol Stock ExchangeTSE Industry REIT - Residential Sub-IndustryN/A SectorReal Estate Current SymbolTSE:CAR.UN CUSIPN/A CIKN/A Webwww.caprent.com Phone+1-416-8619404FaxN/AEmployees908Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$57.40 High Stock Price ForecastC$62.00 Low Stock Price ForecastC$54.00 Forecasted Upside/Downside+20.5%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)C$0.87 Trailing P/E Ratio54.76 Forward P/E Ratio17.94 P/E Growth-10.12Net IncomeC$155.44 million Net Margins15.04% Pretax MarginN/A Return on Equity1.13% Return on Assets2.19% Debt Debt-to-Equity Ratio73.36 Current Ratio0.17 Quick Ratio0.16 Sales & Book Value Annual SalesC$1.03 billion Price / Sales7.74 Cash FlowC$0.82 per share Price / Cash Flow57.91 Book ValueC$57.46 per share Price / Book0.83Miscellaneous Outstanding Shares167,400,000Free FloatN/AMarket CapC$7.97 billion OptionableNot Optionable Beta1.05 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Mark KenneyCEO, Pres & DirectorMr. Scott CryerChief Financial OfficerMr. Stephen CoVP of AccountingMs. Corinne PruzanskiGen. Counsel & Corp. Sec.Ms. Jodi LiebermanChief HR OfficerKey CompetitorsBoardwalk REITTSE:BEI.UNNorthview Apartment REITTSE:NVU.UNKillam Apartment REITTSE:KMP.UNFirstServiceTSE:FSVColliers International GroupTSE:CIGIView All Competitors 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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