Canadian Apartment Properties REIT (CAR.UN) Earns Sector Perform Rating from Scotiabank
Scotiabank reiterated their sector perform rating on shares of Canadian Apartment Properties REIT (TSE:CAR.UN) in a report issued on Tuesday morning. Scotiabank currently has a C$32.50 price objective on the stock.
A number of other research firms also recently commented on CAR.UN. Raymond James Financial Inc. raised shares of Canadian Apartment Properties REIT from a market perform rating to an outperform rating and set a C$32.00 price objective for the company in a report on Monday, September 19th. BMO Capital Markets reaffirmed an outperform rating on shares of Canadian Apartment Properties REIT in a report on Thursday, October 13th. Finally, TD Securities reaffirmed a buy rating and issued a C$36.00 price objective on shares of Canadian Apartment Properties REIT in a report on Thursday, August 11th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of C$33.00.
Canadian Apartment Properties REIT Company Profile
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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