Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have earned an average rating of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$46.56.

Separately, TD lowered their price objective on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday, May 11th.

Canadian Apartment Properties REIT Price Performance

CAR.UN stock opened at C$35.37 on Tuesday. The company has a 50 day simple moving average of C$35.26 and a 200 day simple moving average of C$36.61. The stock has a market cap of C$5.42 billion, a price-to-earnings ratio of 4,147.03, a P/E/G ratio of -10.12 and a beta of 0.84. Canadian Apartment Properties REIT has a 1 year low of C$33.15 and a 1 year high of C$46.29. The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16.

Canadian Apartment Properties REIT (TSE:CAR.UN) last released its quarterly earnings data on Thursday, May 7th. The company reported C($1.19) earnings per share (EPS) for the quarter. The company had revenue of C$247.90 million for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.

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. 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.