Canadian Apartment Properties REIT (TSE:CAR.UN) Receives C$46.56 Average Price Target from Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN) has been given a consensus rating of “Moderate Buy” by the six analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is C$46.56.

CAR.UN has been the topic of a number of research analyst reports. TD reduced their target price on 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. TD Securities dropped their price objective on shares of Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a “buy” rating for the company in a research note on Tuesday, February 17th.

Canadian Apartment Properties REIT Trading Down 2.1%

Shares of CAR.UN stock opened at C$35.30 on Friday. The stock’s fifty day moving average price is C$35.63 and its two-hundred day moving average price is C$36.80. The company has a market cap of C$5.41 billion, a PE ratio of 4,138.82, a P/E/G ratio of -10.12 and a beta of 0.84. 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 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 (TSE:CAR.UN) last issued its earnings results on Thursday, May 7th. The company reported C($1.19) earnings per share for the quarter. The business had revenue of C$247.90 million during the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%.

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.