Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target Raised to C$59.00 at Raymond James

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price raised by Raymond James from C$58.00 to C$59.00 in a research report report published on Tuesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other research firms have also recently issued reports on CAR.UN. Cormark increased their target price on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday. TD Securities dropped their target price on Canadian Apartment Properties REIT from C$63.00 to C$60.00 in a research report on Wednesday, April 24th. Royal Bank of Canada upped their price target on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. National Bankshares lowered their price objective on shares of Canadian Apartment Properties REIT from C$60.00 to C$56.00 and set an outperform rating on the stock in a report on Wednesday, April 24th. Finally, Scotiabank increased their target price on shares of Canadian Apartment Properties REIT from C$54.00 to C$54.25 in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of C$56.77.

Canadian Apartment Properties REIT Stock Up 0.6 %

Shares of CAR.UN stock opened at C$49.61 on Tuesday. Canadian Apartment Properties REIT has a 12-month low of C$40.52 and a 12-month high of C$54.60. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 75.56. The firm has a fifty day moving average of C$46.36 and a 200-day moving average of C$46.31. The company has a market capitalization of C$8.29 billion, a price-to-earnings ratio of -66.51, a P/E/G ratio of -10.12 and a beta of 1.19.

About Canadian Apartment Properties REIT

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.