Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Rating Reaffirmed by Raymond James

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Raymond James reiterated their outperform rating on shares of Canadian Apartment Properties REIT (TSE:CAR.UN) in a research report sent to investors on Thursday, AnalystRatings.com reports. The brokerage currently has a C$52.00 price target on the stock.

Several other research firms also recently commented on CAR.UN. TD Securities upped their target price on Canadian Apartment Properties REIT from C$57.00 to C$58.00 and gave the company a buy rating in a research report on Thursday. CIBC upped their target price on Canadian Apartment Properties REIT from C$50.00 to C$52.00 in a research report on Thursday, May 16th. BMO Capital Markets upped their target price on Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the company an outperform rating in a research report on Monday, June 3rd. National Bank Financial raised Canadian Apartment Properties REIT from a sector perform rating to an outperform rating and upped their target price for the company from C$52.00 to C$57.00 in a research report on Thursday. Finally, Royal Bank of Canada upped their target price on Canadian Apartment Properties REIT from C$53.00 to C$54.00 and gave the company a sector perform rating in a research report on Thursday, May 16th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of C$54.29.

Canadian Apartment Properties REIT stock opened at C$52.75 on Thursday. Canadian Apartment Properties REIT has a 12 month low of C$43.03 and a 12 month high of C$52.10. The stock’s 50 day moving average is C$49.42 and its 200-day moving average is C$49.28. The company has a current ratio of 0.14, a quick ratio of 0.08 and a debt-to-equity ratio of 64.68. The company has a market capitalization of $4.04 billion and a price-to-earnings ratio of 5.88.

About Canadian Apartment Properties REIT

CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (?MHC?) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.

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Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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