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

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$46.36.

Separately, TD reduced their price objective 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.

Canadian Apartment Properties REIT Price Performance

CAR.UN stock opened at C$34.66 on Friday. Canadian Apartment Properties REIT has a 52-week low of C$33.15 and a 52-week high of C$45.21. 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 stock has a market cap of C$5.31 billion, a price-to-earnings ratio of 4,063.78, a price-to-earnings-growth ratio of -10.12 and a beta of 0.81. The business has a fifty day moving average of C$35.06 and a two-hundred day moving average of C$36.27.

Canadian Apartment Properties REIT (TSE:CAR.UN) last announced its quarterly earnings results on Thursday, May 7th. The company reported C($1.19) EPS 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%.

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.