Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$32.88.

A number of research analysts have commented on the company. TD Securities reiterated a “buy” rating and issued a C$36.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Thursday, August 11th. Scotiabank reiterated a “sector perform” rating and issued a C$33.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Wednesday, August 10th. BMO Capital Markets lowered Canadian Apartment Properties REIT from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 11th. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$33.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Wednesday, July 6th. Finally, Raymond James Financial Inc. upgraded Canadian Apartment Properties REIT from a “market perform” rating to an “outperform” rating and set a C$32.00 price objective on the stock in a research report on Monday, September 19th.

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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