Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$56.00 Price Target at National Bankshares

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price reduced by National Bankshares from C$60.00 to C$56.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other analysts also recently issued reports on CAR.UN. Scotiabank decreased their price target on Canadian Apartment Properties REIT from C$55.00 to C$53.75 and set an outperform rating for the company in a report on Monday, March 25th. CIBC lifted their price target on Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the stock a neutral rating in a report on Monday, February 26th. BMO Capital Markets lifted their price target on Canadian Apartment Properties REIT from C$52.00 to C$57.00 and gave the stock an outperform rating in a report on Monday, February 26th. Laurentian set a C$55.00 price target on Canadian Apartment Properties REIT and gave the stock a buy rating in a report on Monday, January 22nd. Finally, TD Securities lifted their price target on Canadian Apartment Properties REIT from C$61.00 to C$62.00 and gave the stock an action list buy rating in a report on Monday, February 26th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average price target of C$56.37.

Canadian Apartment Properties REIT Trading Down 0.1 %

TSE:CAR.UN opened at C$43.00 on Wednesday. The firm has a market cap of C$7.21 billion, a PE ratio of -17.70, a price-to-earnings-growth ratio of -10.12 and a beta of 1.18. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 76.65. The stock has a fifty day moving average price of C$46.92 and a 200 day moving average price of C$46.77. Canadian Apartment Properties REIT has a 12-month low of C$40.52 and a 12-month high of C$54.60.

Canadian Apartment Properties REIT Company Profile

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.