TD Securities Issues Positive Forecast for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target upped by investment analysts at TD Securities from C$52.00 to C$53.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 30.70% from the company’s previous close.

Several other research firms also recently commented on CAR.UN. Raymond James decreased their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a report on Monday, January 13th. Scotiabank decreased their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. CIBC decreased their price objective on shares of Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a report on Tuesday. BMO Capital Markets decreased their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. Finally, National Bankshares decreased their price objective on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$55.38.

Canadian Apartment Properties REIT Stock Down 0.2 %

CAR.UN traded down C$0.08 during trading on Tuesday, reaching C$40.55. 270,870 shares of the stock were exchanged, compared to its average volume of 498,637. The stock has a market cap of C$6.78 billion, a P/E ratio of -126.72, a price-to-earnings-growth ratio of -10.12 and a beta of 1.23. Canadian Apartment Properties REIT has a twelve month low of C$39.23 and a twelve month high of C$56.71. The stock’s 50 day moving average price is C$41.78 and its two-hundred day moving average price is C$46.98. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

About Canadian Apartment Properties REIT

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.