Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) posted its quarterly earnings results on Thursday. The company reported C($0.42) earnings per share for the quarter, FiscalAI reports. 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$246.41 million during the quarter.
Canadian Apartment Properties REIT Trading Down 1.5%
TSE:CAR.UN opened at C$34.31 on Friday. The stock has a market cap of C$5.26 billion, a price-to-earnings ratio of 4,022.75, a PEG ratio of -10.12 and a beta of 0.81. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05. The company’s 50 day moving average price is C$35.03 and its 200-day moving average price is C$36.11. Canadian Apartment Properties REIT has a 52 week low of C$33.15 and a 52 week high of C$43.91.
Analyst Ratings Changes
Separately, TD lowered their price objective on Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$46.36.
Canadian Apartment Properties REIT Company Profile
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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