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.

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.