Canadian Apartment Properties REIT (TSE:CAR.UN) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$36.58 and traded as low as C$35.50. Canadian Apartment Properties REIT shares last traded at C$35.81, with a volume of 250,608 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD cut their price target 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 report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$46.56.

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Check Out Our Latest Stock Analysis on CAR.UN

Canadian Apartment Properties REIT Trading Up 0.1%

The company has a debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The stock has a market cap of C$5.49 billion, a price-to-earnings ratio of 4,198.62, a P/E/G ratio of -10.12 and a beta of 0.81. The company’s fifty day moving average price is C$35.08 and its 200-day moving average price is C$36.58.

Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported C($1.19) EPS for the quarter. The company 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%.

Canadian Apartment Properties REIT Company Profile

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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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