Canadian Apartment Properties REIT (TSE:CAR.UN) has received a consensus rating of “Buy” from the seven ratings firms that are presently covering the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$33.33.

Several research firms have commented on CAR.UN. TD Securities reissued a “buy” rating and set a C$36.00 price target on shares of Canadian Apartment Properties REIT in a research note on Thursday, August 11th. Scotiabank reaffirmed a “sector perform” rating and issued a C$33.00 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, August 10th. Desjardins reaffirmed a “hold” rating and issued a C$33.50 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, November 9th. BMO Capital Markets downgraded shares of Canadian Apartment Properties REIT from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 11th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a C$33.00 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, November 9th.

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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