Brokerages Set Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target at C$46.56

Canadian Apartment Properties REIT (TSE:CAR.UNGet 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

CAR.UN traded up C$0.36 on Tuesday, reaching C$36.14. The company had a trading volume of 44,903 shares, compared to its average volume of 490,927. The stock has a market cap of C$5.54 billion, a P/E ratio of 4,237.31, a P/E/G ratio of -10.12 and a beta of 0.81. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. Canadian Apartment Properties REIT has a fifty-two week low of C$33.15 and a fifty-two week high of C$46.29. The company’s fifty day moving average is C$35.10 and its 200 day moving average is C$36.59.

Canadian Apartment Properties REIT (TSE:CAR.UNGet 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

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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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Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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