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Companies facing 1st tax on stock buybacks in Biden bill
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Home Depot Results Point To Sluggish 2nd Half
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What's in big Biden bill? Health, climate goals become law
How High Can Copper Go? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
How High Can Copper Go? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
How High Can Copper Go? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
How High Can Copper Go? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
How High Can Copper Go? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
How High Can Copper Go? (Ad)
S&P 500   4,305.20
DOW   34,152.01
QQQ   332.28
Companies facing 1st tax on stock buybacks in Biden bill
Could Biden's Executive Order 14017 Trigger A BULL RUN For This Little-Known Industry? (Ad)
Home Depot Results Point To Sluggish 2nd Half
Walmart Leads Retail Higher But Will The Group Follow? 
What's in big Biden bill? Health, climate goals become law
How High Can Copper Go? (Ad)
Biden to sign massive climate and health care legislation
Stocks edge mostly higher on Wall Street; Walmart lifts Dow
2 Long-Term EV Plays Trading Under $20
How High Can Copper Go? (Ad)
TSE:CAR.UN

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

C$47.76
-0.35 (-0.73%)
(As of 08/16/2022 12:00 AM ET)
Add
Compare
Today's Range
C$47.46
C$48.14
50-Day Range
C$42.95
C$48.51
52-Week Range
C$42.69
C$62.77
Volume
475,197 shs
Average Volume
474,901 shs
Market Capitalization
C$8.27 billion
P/E Ratio
13.19
Dividend Yield
3.01%
Price Target
C$60.96
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.

Canadian Apartment Properties REIT Price Performance

CAR.UN Stock opened at C$47.76 on Wednesday. The company has a fifty day moving average price of C$45.63 and a 200-day moving average price of C$49.88. The company has a market capitalization of C$8.27 billion and a P/E ratio of 13.19. Canadian Apartment Properties REIT has a 52-week low of C$42.69 and a 52-week high of C$62.77. The company has a debt-to-equity ratio of 69.04, a quick ratio of 0.37 and a current ratio of 0.45.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on CAR.UN shares. National Bankshares boosted their price target on shares of Canadian Apartment Properties REIT from C$50.00 to C$52.00 and gave the company an "outperform" rating in a report on Friday, August 12th. TD Securities upped their target price on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 and gave the stock an "action list buy" rating in a research note on Friday, August 12th. Royal Bank of Canada reduced their target price on shares of Canadian Apartment Properties REIT from C$69.00 to C$66.00 and set an "outperform" rating for the company in a research note on Wednesday, May 18th. Raymond James reduced their target price on shares of Canadian Apartment Properties REIT from C$70.00 to C$66.00 and set a "strong-buy" rating for the company in a research note on Wednesday, May 18th. Finally, CIBC reduced their target price on shares of Canadian Apartment Properties REIT from C$55.00 to C$54.00 and set a "neutral" rating for the company in a research note on Friday, August 12th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian Apartment Properties REIT presently has an average rating of "Buy" and a consensus price target of C$61.59.

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CAR.UN Stock News Headlines

Canadian Apartment Properties REIT reports Q2 results
TFSA Investors: 3 Stable REITs Set to Double in 2022
2 Cheap Canadian REITs for Passive Income
3 Cheap Canadian Stocks Trading at 52-Week Lows
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$60.96
High Stock Price Forecast
C$69.50
Low Stock Price Forecast
C$52.00
Forecasted Upside/Downside
+27.6%
Consensus Rating
Buy
Rating Score (0-4)
3.14
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$975.10 million
Cash Flow
C$1.44 per share
Book Value
C$56.97 per share

Miscellaneous

Free Float
N/A
Market Cap
C$8.27 billion
Optionable
Not Optionable
Beta
N/A

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 analysts have issued "buy," "hold," and "sell" ratings for Canadian Apartment Properties REIT in the last year. There are currently 1 hold rating, 4 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street 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 2022?

7 analysts have issued 1-year price objectives for Canadian Apartment Properties REIT's stock. Their CAR.UN share price forecasts range from C$52.00 to C$69.50. On average, they expect the company's stock price to reach C$60.96 in the next year. This suggests a possible upside of 27.6% 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 2022?

Canadian Apartment Properties REIT's stock was trading at C$59.96 at the start of the year. Since then, CAR.UN stock has decreased by 20.3% and is now trading at C$47.76.
View the best growth stocks for 2022 here
.

Is Canadian Apartment Properties REIT a good dividend stock?

Canadian Apartment Properties REIT (TSE:CAR.UN) pays an annual dividend of C$1.44 per share and currently has a dividend yield of 3.01%. The dividend payout ratio is 39.73%. This payout ratio is at a healthy, sustainable level, below 75%.
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$47.76.

How much money does Canadian Apartment Properties REIT make?

Canadian Apartment Properties REIT (TSE:CAR.UN) has a market capitalization of C$8.27 billion and generates C$975.10 million in revenue each year.

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 8/17/2022 by MarketBeat.com Staff

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