Canadian Apartment Properties REIT (TSE:CAR.UN) Given Average Rating of “Moderate Buy” by Analysts

Canadian Apartment Properties REIT (TSE:CAR.UN) has been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$46.56.

Separately, TD cut their price objective on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, May 11th.

Canadian Apartment Properties REIT Trading Up 1.1%

Canadian Apartment Properties REIT stock opened at C$35.02 on Friday. The firm has a market cap of C$5.37 billion, a PE ratio of 4,105.99, a P/E/G ratio of -10.12 and a beta of 0.81. Canadian Apartment Properties REIT has a 12 month low of C$33.15 and a 12 month high of C$45.97. The stock’s 50 day simple moving average is C$35.00 and its two-hundred day simple moving average is C$36.41. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05.

Canadian Apartment Properties REIT (TSE:CAR.UN) last posted its earnings results on Thursday, May 7th. The company reported C($1.19) earnings per share 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 firm had revenue of C$247.90 million for 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.