Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target Lowered to C$61.50 at National Bankshares

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target decreased by National Bankshares from C$63.00 to C$61.50 in a research note released on Monday,BayStreet.CA reports.

Other research analysts also recently issued research reports about the company. TD Securities reduced their price objective on Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research note on Monday. Royal Bank of Canada raised their price objective on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a report on Friday, August 9th. BMO Capital Markets reduced their target price on Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a research report on Monday, October 28th. Raymond James decreased their price objective on shares of Canadian Apartment Properties REIT from C$59.50 to C$58.00 in a research report on Monday. Finally, Cormark lifted their target price on shares of Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a research report on Tuesday, August 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$56.91.

Canadian Apartment Properties REIT Price Performance

Canadian Apartment Properties REIT stock opened at C$44.99 on Monday. The stock has a market cap of C$7.52 billion, a P/E ratio of -140.59, 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. The company’s 50 day moving average price is C$51.51 and its two-hundred day moving average price is C$48.06. Canadian Apartment Properties REIT has a 52 week low of C$41.92 and a 52 week high of C$56.71.

About Canadian Apartment Properties REIT

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.