BMO Capital Markets reiterated their outperform rating on shares of Canadian Apartment Properties REIT (TSE:CAR.UN) in a report published on Monday morning. They currently have a C$39.00 price objective on the stock, up from their previous price objective of C$35.00.

CAR.UN has been the topic of a number of other research reports. National Bank Financial upped their target price on Canadian Apartment Properties REIT from C$36.25 to C$36.50 and gave the stock an outperform rating in a research note on Tuesday, October 31st. Royal Bank Of Canada upped their target price on Canadian Apartment Properties REIT from C$35.00 to C$38.00 and gave the stock an outperform rating in a research note on Tuesday, November 7th. TD Securities upped their target price on Canadian Apartment Properties REIT from C$38.00 to C$40.00 and gave the stock a buy rating in a research note on Wednesday, November 8th. Scotiabank upped their target price on Canadian Apartment Properties REIT from C$35.50 to C$36.50 and gave the stock a sector perform rating in a research note on Thursday, November 2nd. Finally, Raymond James Financial, Inc. upped their target price on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Thursday, August 17th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of C$37.38.

Canadian Apartment Properties REIT (TSE CAR.UN) traded up C$0.18 during trading on Monday, reaching C$36.91. The company’s stock had a trading volume of 55,496 shares, compared to its average volume of 249,339. Canadian Apartment Properties REIT has a twelve month low of C$29.42 and a twelve month high of C$37.35.

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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.

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

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