Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 52-Week Low – Should You Sell?

Canadian Apartment Properties REIT (TSE:CAR.UN) shares hit a new 52-week low on Thursday . The stock traded as low as C$39.20 and last traded at C$39.28, with a volume of 497973 shares. The stock had previously closed at C$40.29.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. National Bankshares decreased their price target on shares of Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Scotiabank decreased their target price on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. CIBC cut their price target on Canadian Apartment Properties REIT from C$55.00 to C$50.00 in a report on Tuesday, February 18th. BMO Capital Markets lowered their price objective on Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a research report on Monday, November 11th. Finally, TD Securities lifted their price target on shares of Canadian Apartment Properties REIT from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$55.06.

Canadian Apartment Properties REIT Stock Down 2.6 %

The firm has a market capitalization of C$6.56 billion, a price-to-earnings ratio of -122.69, a PEG ratio of -10.12 and a beta of 1.23. The business’s fifty day moving average price is C$41.25 and its 200 day moving average price is C$46.59. The company has a current ratio of 0.36, a quick ratio of 0.16 and a debt-to-equity ratio of 76.05.

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.