TD Securities Boosts Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$58.00

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Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price hoisted by TD Securities from C$57.00 to C$58.00 in a research note released on Thursday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

CAR.UN has been the subject of a number of other research reports. CIBC upped their price target on Canadian Apartment Properties REIT from C$50.00 to C$52.00 in a report on Thursday, May 16th. Raymond James restated an outperform rating and issued a C$52.00 price target on shares of Canadian Apartment Properties REIT in a report on Thursday, May 16th. National Bank Financial upped their price target on Canadian Apartment Properties REIT from C$51.00 to C$52.00 in a report on Thursday, May 16th. Royal Bank of Canada upped their price target on Canadian Apartment Properties REIT from C$53.00 to C$54.00 and gave the stock a sector perform rating in a report on Thursday, May 16th. Finally, BMO Capital Markets upped their price target on Canadian Apartment Properties REIT from C$50.00 to C$55.00 and gave the stock an outperform rating in a report on Monday, June 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of C$54.29.

TSE CAR.UN opened at C$52.75 on Thursday. The stock has a market cap of $4.04 billion and a PE ratio of 5.88. Canadian Apartment Properties REIT has a fifty-two week low of C$43.03 and a fifty-two week high of C$52.10. The business has a 50 day moving average price of C$49.42 and a two-hundred day moving average price of C$49.28. The company has a quick ratio of 0.08, a current ratio of 0.14 and a debt-to-equity ratio of 64.68.

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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