Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned an average rating of “Buy” from the eight research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$34.79.

CAR.UN has been the topic of a number of recent analyst reports. Scotiabank reiterated a “sector perform” rating and issued a C$34.00 price objective on shares of Canadian Apartment Properties REIT in a research report on Tuesday, July 4th. Royal Bank Of Canada increased their price objective on Canadian Apartment Properties REIT from C$34.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 11th. Finally, TD Securities raised their price target on Canadian Apartment Properties REIT from C$37.00 to C$38.00 and gave the company a “buy” rating in a research report on Thursday, May 11th.

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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.

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

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