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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
ProfileAnalyst RatingsChartCompetitorsHeadlinesSocial Media

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

See Top Rated MarketRank™ Stocks Here

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

September 19, 2023 | americanbankingnews.com
Canadian Apartment Properties REIT (TSE:CAR.UN) Shares Cross Above Two Hundred Day Moving Average of $49.01
September 13, 2023 | msn.com
Here’s a Better Way to Invest in Canadian Real Estate Instead of Canadian Apartment Properties REIT
September 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.com
Canadian Apartment (CAR.UN) Received its Third Buy in a Row
August 8, 2023 | markets.businessinsider.com
Desjardins Keeps a Buy Rating on Canadian Apartment (CAR.UN)
July 10, 2023 | msn.com
5 Canadian Stocks for Beginners in July 2023
July 6, 2023 | msn.com
Become a “Lazy Landlord” With These 3 Dividend Stocks
June 20, 2023 | ca.finance.yahoo.com
2 Canadian Real Estate Stocks for Stability and Growth Potential
September 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.com
2 REITs You Can Safely Buy Even When the Housing Market Does Whatever
May 25, 2023 | msn.com
Why These TSX Stocks Are the Best Way to Play the Real Estate Market
May 19, 2023 | msn.com
Passive-Income Power Play: 2 Canadian Stocks That Are Getting Cheap
May 11, 2023 | msn.com
RioCan REIT saw strong Q1 retail occupancy levels, rent rates ticking up
May 4, 2023 | marketwatch.com
Canadian Apartment Properties Real Estate Investment Trust Un stock falls Thursday, still outperforms market
May 2, 2023 | msn.com
3 Canadian Real Estate Stocks Set to Profit from the Housing Boom
May 2, 2023 | marketwatch.com
Canadian Apartment Properties Real Estate Investment Trust Un stock falls Monday, underperforms market
April 25, 2023 | msn.com
Real Estate Rising? 3 Stocks to Profit on Canada’s New FHSAs
April 24, 2023 | marketwatch.com
Canadian Apartment Properties Real Estate Investment Trust Un stock falls Monday, still outperforms market
April 12, 2023 | theglobeandmail.com
Buffett says people shouldn’t worry about Berkshire and U.S. banks. Plus, how REIT distributions are taxed
April 7, 2023 | investing.com
CAR_u Technical Analysis
March 28, 2023 | marketwatch.com
Canadian Apartment Properties Real Estate Investment Trust Un stock falls Tuesday, underperforms market
March 13, 2023 | msn.com
Better Buy in 2023: Tech Stocks or Real Estate?
March 9, 2023 | msn.com
Safe Stocks to Buy in Canada for March 2023
March 1, 2023 | marketwatch.com
Canadian Apartment Properties Real Estate Investment Trust Un stock rises Tuesday, outperforms market
February 23, 2023 | msn.com
Passive Income: 3 Dividend-Growth Stocks to Buy Right Now
February 22, 2023 | seekingalpha.com
Canadian Apartment Properties REIT reports FY results
February 21, 2023 | fool.ca
These 3 Canadian Dividend Stocks Are a Retiree’s Best Friend
See More Headlines
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Industry, Sector and Symbol

Stock Exchange
TSE
Industry
REIT - Residential
Sub-Industry
N/A
Sector
Real Estate
Current Symbol
TSE:CAR.UN
CUSIP
N/A
CIK
N/A
Web
www.caprent.com
Phone
+1-416-8619404
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

EPS (Most Recent Fiscal Year)
C$0.87
Trailing P/E Ratio
54.76
Forward P/E Ratio
17.94
P/E Growth
-10.12
Net Income
C$155.44 million
Net Margins
15.04%
Pretax Margin
N/A
Return on Equity
1.13%
Return on Assets
2.19%

Debt

Debt-to-Equity Ratio
73.36
Current Ratio
0.17
Quick Ratio
0.16

Sales & Book Value

Annual Sales
C$1.03 billion
Price / Sales
7.74
Cash Flow
C$0.82 per share
Price / Cash Flow
57.91
Book Value
C$57.46 per share
Price / Book
0.83

Miscellaneous

Outstanding Shares
167,400,000
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

Key Competitors

View 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

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