Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target upped by National Bank Financial from C$51.00 to C$52.00 in a report published on Thursday, BayStreet.CA reports.
A number of other research firms have also recently commented on CAR.UN. Royal Bank of Canada upped their price target on Canadian Apartment Properties REIT from C$50.00 to C$53.00 and gave the stock a sector perform rating in a research note on Tuesday, March 5th. Raymond James restated an outperform rating and set a C$52.00 price target on shares of Canadian Apartment Properties REIT in a research note on Thursday, February 28th. TD Securities upped their price target on Canadian Apartment Properties REIT from C$52.00 to C$54.00 and gave the stock a buy rating in a research note on Thursday, February 28th. Finally, CIBC upped their price target on Canadian Apartment Properties REIT from C$49.00 to C$50.00 in a research note on Thursday, February 28th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of C$51.56.
TSE:CAR.UN opened at C$49.11 on Thursday. The company has a debt-to-equity ratio of 71.85, a quick ratio of 0.06 and a current ratio of 0.15. Canadian Apartment Properties REIT has a 52 week low of C$31.93 and a 52 week high of C$37.94. The firm has a market cap of $7.40 billion and a price-to-earnings ratio of 8.15.
CAPREIT owns interests in multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) primarily located in and near major urban centres across Canada. As at March 31, 2019, CAPREIT had owning interests in 53,143 residential units, comprised of 45,446 residential suites and 45 MHC, comprising 7,697 land lease sites.
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