Canadian Apartment Properties REIT (TSE:CAR.UN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Royal Bank Of Canada in a research note issued on Wednesday. They presently have a C$33.00 price target on the stock.

CAR.UN has been the subject of a number of other reports. TD Securities boosted their target price on shares of Canadian Apartment Properties REIT from C$35.00 to C$36.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. BMO Capital Markets lowered shares of Canadian Apartment Properties REIT from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Desjardins reiterated a “hold” rating and set a C$33.50 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday. Scotiabank reiterated a “sector perform” rating and set a C$33.00 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, August 10th. Finally, 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 target price for the company in a research note on Monday, September 19th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Canadian Apartment Properties REIT presently has an average rating of “Buy” and an average price target of C$33.00.

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

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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