Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report)’s share price reached a new 52-week low during trading on Friday . The company traded as low as C$41.58 and last traded at C$41.66, with a volume of 212886 shares changing hands. The stock had previously closed at C$42.70.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the company. BMO Capital Markets decreased their target price on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. National Bankshares dropped their target price on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. CIBC upped their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Scotiabank lowered their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. Finally, TD Securities decreased their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, Canadian Apartment Properties REIT has a consensus rating of “Moderate Buy” and a consensus target price of C$57.17.
Read Our Latest Report on Canadian Apartment Properties REIT
Canadian Apartment Properties REIT Trading Down 2.4 %
Canadian Apartment Properties REIT Company Profile
CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.
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