Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price boosted by BMO Capital Markets from C$39.00 to C$41.00 in a research note issued to investors on Wednesday morning. BMO Capital Markets currently has an outperform rating on the stock.
Other research analysts have also recently issued reports about the stock. CIBC lifted their price target on shares of Canadian Apartment Properties REIT from C$38.00 to C$38.50 in a research report on Friday, March 16th. National Bank Financial reissued an outperform rating and set a C$36.75 price target on shares of Canadian Apartment Properties REIT in a research report on Friday, March 16th. Finally, Scotiabank lifted their price target on shares of Canadian Apartment Properties REIT from C$37.00 to C$38.50 and gave the company a sector perform rating in a research report on Monday, March 19th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Canadian Apartment Properties REIT has an average rating of Buy and an average target price of C$38.82.
TSE:CAR.UN opened at C$35.19 on Wednesday. Canadian Apartment Properties REIT has a 12 month low of C$31.93 and a 12 month high of C$37.94.
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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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