Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been given an average recommendation of “Moderate Buy” by the six analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$46.56.

Several analysts recently weighed in on CAR.UN shares. TD reduced their price objective on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, May 11th. TD Securities reduced their price objective on shares of Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th.

Canadian Apartment Properties REIT Stock Performance

Shares of Canadian Apartment Properties REIT stock opened at C$33.36 on Monday. 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 has a twelve month low of C$33.15 and a twelve month high of C$46.29. The stock has a market cap of C$5.11 billion, a price-to-earnings ratio of 3,911.36, a P/E/G ratio of -10.12 and a beta of 0.74. The company’s fifty day moving average is C$36.14 and its 200 day moving average is C$37.27.

Canadian Apartment Properties REIT (TSE:CAR.UN) last issued its quarterly earnings data on Thursday, May 7th. The company reported C($1.19) earnings per share for the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.The business had revenue of C$247.90 million during the quarter.

About Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.