TD Securities Raises Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$63.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target raised by TD Securities from C$61.00 to C$63.00 in a research report released on Friday, BayStreet.CA reports. They currently have a buy rating on the stock.

Other analysts also recently issued research reports about the company. CIBC boosted their target price on Canadian Apartment Properties REIT from C$52.00 to C$53.00 in a research report on Thursday, August 15th. Raymond James restated an outperform rating and issued a C$52.00 target price on shares of Canadian Apartment Properties REIT in a research report on Thursday, August 15th. BMO Capital Markets boosted their target price on Canadian Apartment Properties REIT from C$55.00 to C$57.00 in a research report on Monday, August 19th. Royal Bank of Canada boosted their target price on Canadian Apartment Properties REIT from C$54.00 to C$55.00 and gave the stock a sector perform rating in a research report on Monday, August 19th. Finally, National Bank Financial boosted their price objective on Canadian Apartment Properties REIT from C$57.00 to C$61.50 and gave the company an outperform rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Canadian Apartment Properties REIT has an average rating of Buy and a consensus price target of C$58.29.

TSE:CAR.UN opened at C$55.85 on Friday. The business has a 50 day moving average of C$54.98 and a 200 day moving average of C$51.56. The company has a market capitalization of $8.93 billion and a price-to-earnings ratio of 6.86. Canadian Apartment Properties REIT has a 1-year low of C$43.03 and a 1-year high of C$56.82. The company has a debt-to-equity ratio of 60.98, a current ratio of 0.14 and a quick ratio of 0.07.

Canadian Apartment Properties REIT Company Profile

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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