Canadian Apartment Properties REIT (TSE: CAR. UN – Get Rating) saw its price target reduced through Raymond James from CAN$70. 50 to CAN$70. 00 in a report released Friday morning, reports BayStreet. CA. Raymond James lately has a solid buy score in the stock
CAR. UN has been the subject of several other reports. Scotiabank raised its price target on the Canadian Apartment Properties REIT from C$63. 50 to C$65. 00 in a research report on Friday, November 12. BMO Capital Markets raised its price target on the Canadian Apartment Properties REIT from C$68. 50 to C$69. 50 in a research report on Monday, November 15. raised its price target on Canadian Apartment Properties REIT from CA$65. 00 to CA$66. 00 in a research report on Friday, November 12. CIBC raised its price target on Canadian Apartment Properties REIT from C$65. 00 to C$67. 00 and gave the stock an unbiased score in a research report on Friday, November 12. Finally, Royal Bank of Canada raised its value target on Canadian Apartment Properties REIT from CA$68. 00 to CA$69. 00 and gave the stock a top score in a research report on Friday, November 12. inventory a buy score and one gave inventory a strong buy score. According to MarketBeat data, the stock has a consensus buy score and consensus value target of C$67. 94.
The movements of CAR. ONE opened at C$53. 63 on Friday. Canadian Apartment Properties REIT has a 12-month minimum of CAN$50. 37 and a 12-month maximum of CAN$62. 77. The company has a fast index of 0. 08, an existing index of 0. 14 and a debt ratio of 62. 15. The company has a market capitalization of C$ 9,310 million and a PE ratio of 7. 54. The company’s 50-day moving average is CAN$56. 46 and its two-hundred-day moving average is CAN$58. 66.
CAPREIT has interests in multi-unit residential rental properties, adding apartments, urban spaces and prefabricated space communities (“MHC”) primarily in and near Canada’s major urban centres. As of March 31, 2019, CAPREIT had interests in 53,143 residential units, out of forty-five,446 residential suites and forty-five MHCs, comprising 7,697 lease lots.
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