Canadian Apartment Properties REIT (CAR.UN) Stock Price, News & Analysis

Company Overview

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company's real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT's holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants. The majority of this revenue comes from assets located in the Greater Toronto and Greater Montreal regions. The buildings in these areas also contain the majority of CAPREIT's total housing units.

Key Stats

• Today's Range: C$40.95 to C$41.45
• 50-Day Range: C$40.72 to C$46.05
• 52-Week Range: C$37.28 to C$55.93
• Volume: 1.90 million shs
• Average Volume: 477,724 shs
• Market Capitalization: C$6.47 billion
• P/E Ratio: 81.50
• Dividend Yield: 3.66%
• Price Target: C$51.75
• Consensus Rating: Moderate Buy

Canadian Apartment Properties REIT Stock Analysis - MarketRank™

Canadian Apartment Properties REIT scored higher than 65% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.6 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian Apartment Properties REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Upside Potential

Canadian Apartment Properties REIT has a consensus price target of C$52.29, representing about 26.6% upside from its current price of C$41.31.

Amount of Analyst Coverage

Canadian Apartment Properties REIT has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Apartment Properties REIT is 81.62, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 279.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Apartment Properties REIT is 81.62, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 261.26.

Price to Earnings Growth Ratio

Due to a projected decrease in earnings for Canadian Apartment Properties REIT, their PEG ratio cannot be calculated.

Price to Book Value per Share Ratio

Canadian Apartment Properties REIT has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CAR.UN.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Canadian Apartment Properties REIT is a leading dividend payer. It pays a dividend yield of 3.66%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canadian Apartment Properties REIT does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian Apartment Properties REIT is 298.02%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CAR.UN.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.51

News Sentiment

Canadian Apartment Properties REIT has a news sentiment score of 0.51. 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 is a lower news sentiment than the 0.71 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Canadian Apartment Properties REIT this week, compared to 1 article on an average week.

Search Interest

2 people have searched for CAR.UN on MarketBeat in the last 30 days.

MarketBeat Follows

Only 1 people have added Canadian Apartment Properties REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canadian Apartment Properties REIT insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.19% of the stock of Canadian Apartment Properties REIT is held by insiders.

Percentage Held by Institutions

45.74% 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.

CAR.UN Stock Analysis - Frequently Asked Questions

How have CAR.UN shares performed this year?

Canadian Apartment Properties REIT's stock was trading at C$42.63 at the beginning of the year. Since then, CAR.UN stock has decreased by 3.1% and is now trading at C$41.31.

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.

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Real Estate
• Industry: REIT - Residential
• Sub-Industry: N/A
• Current Symbol: TSE:CAR.UN
• 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 Price Target for Canadian Apartment Properties REIT: C$52.29
• High Price Target: C$61.50
• Low Price Target: C$47.50
• Potential Upside/Downside: +27.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Trailing Twelve Months): C$0.51
• Trailing P/E Ratio: 81.28
• Forward P/E Ratio: N/A
• P/E Growth: -10.12
• Net Income: -C$54.15 million
• Net Margins: -4.95%
• Pretax Margin: N/A
• Return on Equity: -1.08%
• Return on Assets: 2.40%

Debt

• Debt-to-Equity Ratio: 76.05
• Current Ratio: 0.36
• Quick Ratio: 0.16

Sales & Book Value

• Annual Sales: C$1.07 billion
• Price / Sales: 6.05
• Cash Flow: C$0.71 per share
• Price / Cash Flow: 57.91
• Book Value: C$55.82 per share
• Price / Book: 0.74

Miscellaneous

• Outstanding Shares: 156,897,000
• Free Float: N/A
• Market Cap: C$6.45 billion
• Optionable: Not Optionable
• Beta: 1.00