Canadian Apartment Properties REIT (TSE:CAR.UN) Sets New 1-Year Low – Time to Sell?

Canadian Apartment Properties REIT (TSE:CAR.UNGet Free Report)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as C$33.21 and last traded at C$33.36, with a volume of 754740 shares traded. The stock had previously closed at C$34.00.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CAR.UN shares. TD Securities decreased their target price on shares of Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. TD decreased their target price on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research report on Monday. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.56.

Check Out Our Latest Analysis on Canadian Apartment Properties REIT

Canadian Apartment Properties REIT Stock Performance

The company has a market cap of C$5.11 billion, a PE ratio of 3,911.36, a PEG ratio of -10.12 and a beta of 0.74. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The business’s 50-day moving average is C$36.31 and its 200 day moving average is C$37.36.

Canadian Apartment Properties REIT (TSE:CAR.UNGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($1.19) earnings per share (EPS) for the quarter. The firm had revenue of C$247.90 million during 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

(Get Free Report)

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.

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