Raymond James Has Lowered Expectations for Canadian Apartment Properties REIT (TSE:CAR.UN) Stock Price

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target reduced by Raymond James from C$58.00 to C$54.50 in a research note published on Monday,BayStreet.CA reports.

Several other research firms have also issued reports on CAR.UN. TD Securities cut their target price on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday, November 11th. BMO Capital Markets cut their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. Scotiabank reduced their price objective on shares of Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a research note on Monday, November 11th. National Bankshares cut their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a report on Monday, November 11th. Finally, CIBC increased their price objective on Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$56.78.

Canadian Apartment Properties REIT Stock Up 0.7 %

Canadian Apartment Properties REIT stock opened at C$41.21 on Monday. Canadian Apartment Properties REIT has a twelve month low of C$40.77 and a twelve month high of C$56.71. The business has a fifty day moving average of C$43.86 and a two-hundred day moving average of C$47.89. The firm has a market cap of C$6.89 billion, a P/E ratio of -128.78, a P/E/G ratio of -10.12 and a beta of 1.23. The company has a quick ratio of 0.16, a current ratio of 0.36 and a debt-to-equity ratio of 76.05.

Canadian Apartment Properties REIT Company Profile

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.