Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “hold” rating reiterated by stock analysts at Desjardins in a note issued to investors on Wednesday. They currently have a C$33.50 price objective on the stock.

A number of other equities analysts have also weighed in on CAR.UN. Scotiabank restated a “sector perform” rating and set a C$32.50 price target on shares of Canadian Apartment Properties REIT in a research report on Tuesday. BMO Capital Markets restated an “outperform” rating on shares of Canadian Apartment Properties REIT in a research report on Thursday, October 13th. TD Securities lifted their target price 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 note on Thursday, August 4th. Finally, 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 target price on the stock in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Canadian Apartment Properties REIT has a consensus rating of “Buy” and a consensus price target of C$33.00.

Analyst Recommendations for Canadian Apartment Properties REIT (TSE:CAR.UN)

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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