Analysts Set Canadian Apartment Properties REIT (CAR.UN) Price Target at $34.79
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.
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