CAR.UN vs. BEI.UN, KMP.UN, CIGI, REI.UN, FSV, GRT.UN, CHP.UN, TCN, DIR.UN, and SRU.UN
Should you be buying Canadian Apartment Properties REIT stock or one of its competitors? The main competitors of Canadian Apartment Properties REIT include Boardwalk REIT (BEI.UN), Killam Apartment REIT (KMP.UN), Colliers International Group (CIGI), RioCan Real Estate Investment Trust (REI.UN), FirstService (FSV), Granite Real Estate Investment Trust (GRT.UN), Choice Properties Real Est Invstmnt Trst (CHP.UN), Tricon Residential (TCN), Dream Industrial Real Estate Invest Trst (DIR.UN), and SmartCentres Real Estate Investment Trst (SRU.UN). These companies are all part of the "real estate" sector.
Boardwalk REIT (TSE:BEI.UN) and Canadian Apartment Properties REIT (TSE:CAR.UN) are both mid-cap real estate companies, but which is the superior business? We will compare the two businesses based on the strength of their profitability, analyst recommendations, media sentiment, dividends, community ranking, risk, earnings, valuation and institutional ownership.
Boardwalk REIT has higher earnings, but lower revenue than Canadian Apartment Properties REIT. Canadian Apartment Properties REIT is trading at a lower price-to-earnings ratio than Boardwalk REIT, indicating that it is currently the more affordable of the two stocks.
40.5% of Boardwalk REIT shares are held by institutional investors. Comparatively, 42.5% of Canadian Apartment Properties REIT shares are held by institutional investors. 17.9% of Boardwalk REIT shares are held by company insiders. Comparatively, 0.4% of Canadian Apartment Properties REIT shares are held by company insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.
Boardwalk REIT has a beta of 1.71, meaning that its share price is 71% more volatile than the S&P 500. Comparatively, Canadian Apartment Properties REIT has a beta of 1.18, meaning that its share price is 18% more volatile than the S&P 500.
Boardwalk REIT has a net margin of 122.32% compared to Boardwalk REIT's net margin of -38.63%. Canadian Apartment Properties REIT's return on equity of 17.11% beat Boardwalk REIT's return on equity.
In the previous week, Boardwalk REIT and Boardwalk REIT both had 4 articles in the media. Canadian Apartment Properties REIT's average media sentiment score of 0.53 beat Boardwalk REIT's score of 0.00 indicating that Boardwalk REIT is being referred to more favorably in the media.
Canadian Apartment Properties REIT received 80 more outperform votes than Boardwalk REIT when rated by MarketBeat users. Likewise, 61.38% of users gave Canadian Apartment Properties REIT an outperform vote while only 50.10% of users gave Boardwalk REIT an outperform vote.
Boardwalk REIT pays an annual dividend of C$1.44 per share and has a dividend yield of 2.0%. Canadian Apartment Properties REIT pays an annual dividend of C$1.45 per share and has a dividend yield of 3.4%. Boardwalk REIT pays out 9.9% of its earnings in the form of a dividend. Canadian Apartment Properties REIT pays out -59.7% of its earnings in the form of a dividend. Both companies have healthy payout ratios and should be able to cover their dividend payments with earnings for the next several years. Canadian Apartment Properties REIT is clearly the better dividend stock, given its higher yield and lower payout ratio.
Boardwalk REIT presently has a consensus target price of C$84.42, indicating a potential upside of 15.12%. Canadian Apartment Properties REIT has a consensus target price of C$56.37, indicating a potential upside of 31.10%. Given Boardwalk REIT's stronger consensus rating and higher probable upside, analysts clearly believe Canadian Apartment Properties REIT is more favorable than Boardwalk REIT.
Summary
Canadian Apartment Properties REIT beats Boardwalk REIT on 12 of the 20 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding CAR.UN and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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