Canadian Apartment Properties REIT’s (CAR.UN) “Outperform” Rating Reiterated at BMO Capital Markets
Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “outperform” rating reiterated by BMO Capital Markets in a note issued to investors on Thursday.
Other research analysts have also recently issued reports about the stock. Raymond James Financial Inc. upgraded shares of 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. Royal Bank Of Canada restated 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. Scotiabank restated a “sector perform” rating and issued a C$31.50 price objective on shares of Canadian Apartment Properties REIT in a research report on Monday, July 4th. Finally, TD Securities upped their price objective on shares of Canadian Apartment Properties REIT from C$35.00 to C$36.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$32.67.
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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