Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) has received an average rating of “Moderate Buy” from the six research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is C$46.56.
Separately, TD lowered their price objective on 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, May 11th.
Check Out Our Latest Report on CAR.UN
Canadian Apartment Properties REIT Stock Performance
Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($1.19) earnings per share (EPS) for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.The company had revenue of C$247.90 million for the quarter.
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.
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