Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective hoisted by National Bank Financial from C$46.00 to C$47.00 in a research note released on Friday morning. National Bank Financial currently has a sector perform rating on the stock.
A number of other research firms have also weighed in on CAR.UN. CIBC raised their price objective on shares of Canadian Apartment Properties REIT from C$46.00 to C$49.00 in a research note on Wednesday, September 26th. Royal Bank of Canada raised their price objective on shares of Canadian Apartment Properties REIT from C$49.00 to C$50.00 and gave the company a sector perform rating in a research note on Thursday. Raymond James raised their price objective on shares of Canadian Apartment Properties REIT from C$50.00 to C$52.00 and gave the company an outperform rating in a research note on Thursday. TD Securities raised their price target on shares of Canadian Apartment Properties REIT from C$48.00 to C$51.00 and gave the company a hold rating in a research report on Thursday. Finally, BMO Capital Markets reissued an outperform rating and set a C$50.00 price target on shares of Canadian Apartment Properties REIT in a research report on Tuesday, August 21st. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of C$48.18.
TSE:CAR.UN traded up C$0.07 during trading hours on Friday, reaching C$47.52. The company had a trading volume of 645,409 shares, compared to its average volume of 310,604. Canadian Apartment Properties REIT has a twelve month low of C$31.93 and a twelve month high of C$37.94.
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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