Raymond James Cuts Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$58.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its target price trimmed by Raymond James from C$59.50 to C$58.00 in a report published on Monday morning,BayStreet.CA reports.

Other research analysts have also issued research reports about the stock. TD Securities dropped their price target on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday. National Bankshares upped their price target on Canadian Apartment Properties REIT from C$58.00 to C$63.00 in a research report on Wednesday, October 9th. BMO Capital Markets lowered their target price on shares of Canadian Apartment Properties REIT from C$61.00 to C$56.00 in a report on Monday, October 28th. CIBC lifted their price target on shares of Canadian Apartment Properties REIT from C$55.00 to C$58.00 and gave the company a “neutral” rating in a report on Wednesday, September 18th. Finally, Royal Bank of Canada boosted their price target on shares of Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$56.91.

Canadian Apartment Properties REIT Stock Down 0.7 %

CAR.UN opened at C$44.99 on Monday. The company has a market capitalization 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 debt-to-equity ratio of 76.05, a current ratio of 0.36 and a quick ratio of 0.16. The firm’s fifty 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 fifty-two week low of C$41.92 and a fifty-two 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.