Canadian Apartment Properties REIT (TSE:CAR.UN) Given New C$50.00 Price Target at Royal Bank of Canada

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price increased by Royal Bank of Canada from C$49.00 to C$50.00 in a research note published on Thursday, November 8th. The firm currently has a sector perform rating on the stock.

Several other equities analysts have also commented on CAR.UN. Industrial Alliance Securities upped their target price on Canadian Apartment Properties REIT from C$43.50 to C$50.00 in a report on Tuesday, August 14th. Desjardins upped their target price on Canadian Apartment Properties REIT from C$43.00 to C$49.00 in a report on Tuesday, August 14th. National Bank Financial upped their target price on Canadian Apartment Properties REIT from C$42.50 to C$44.50 in a report on Monday, August 13th. TD Securities upped their target price on Canadian Apartment Properties REIT from C$46.00 to C$48.00 and gave the company a hold rating in a report on Tuesday, August 14th. Finally, Canaccord Genuity upped their target price on Canadian Apartment Properties REIT from C$39.00 to C$43.50 in a report on Monday, July 30th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of C$48.18.

TSE CAR.UN traded down C$0.49 on Thursday, hitting C$46.27. 275,766 shares of the stock traded hands, compared to its average volume of 310,604. Canadian Apartment Properties REIT has a twelve month low of C$31.93 and a twelve month high of C$37.94.

About Canadian Apartment Properties REIT

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) is a Canada-based open-ended real estate investment trust. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from operations (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio.

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Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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