Canadian Apartment Properties REIT (TSE:CAR.UN) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of C$31.78 and traded as high as C$32.35. Canadian Apartment Properties REIT shares last traded at C$31.99, with a volume of 861,644 shares traded.

Analyst Ratings Changes

A number of analysts have recently issued reports on CAR.UN shares. Canadian Imperial Bank of Commerce lowered their price target on Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a research note on Monday, August 10th. ATB Cormark Capital Markets cut their price target on shares of Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of C$44.33.

Canadian Apartment Properties REIT Stock Up 1.9%

The business’s fifty day moving average is C$31.78 and its two-hundred day moving average is C$34.89. The stock has a market cap of C$4.90 billion, a price-to-earnings ratio of -36.83, a PEG ratio of -10.12 and a beta of 0.61. 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 (TSE:CAR.UN) last announced its quarterly earnings data on Wednesday, November 4th. The company reported C($1.14) earnings per share (EPS) for the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%. The company had revenue of C$246.62 million during the quarter.

About Canadian Apartment Properties REIT

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.