A number of other analysts have also commented on CAR.UN. TD Securities boosted their price objective on shares of Canadian Apartment Properties REIT from C$35.00 to C$36.00 and gave the stock a buy rating in a research report on Thursday, August 4th. Royal Bank Of Canada reissued an outperform rating and issued a C$33.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Wednesday, July 6th. Scotiabank reissued a sector perform rating and issued a C$31.50 price objective on shares of Canadian Apartment Properties REIT in a research report on Monday, July 4th. Finally, Raymond James Financial Inc. raised shares of Canadian Apartment Properties REIT from a market perform rating to an outperform rating and set a C$32.00 price objective on the stock in a research report on Monday, September 19th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$32.67.
About Canadian Apartment Properties REIT
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio.
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