Canadian Apartment Properties REIT (TSE:CAR.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Canadian Apartment Properties REIT (TSE:CAR.UN) has earned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$46.56.

A number of research analysts have commented on the company. TD Securities lowered their price target on Canadian Apartment Properties REIT from C$47.00 to C$46.00 and set a “buy” rating for the company in a research report on Tuesday, February 17th. TD cut their price objective on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday.

Canadian Apartment Properties REIT Trading Down 1.9%

TSE:CAR.UN traded down C$0.65 during trading hours on Monday, reaching C$34.31. The company’s stock had a trading volume of 753,178 shares, compared to its average volume of 507,666. The firm has a market capitalization of C$5.26 billion, a price-to-earnings ratio of 4,022.75, a PEG ratio of -10.12 and a beta of 0.74. The firm has a 50-day simple moving average of C$36.60 and a 200-day simple moving average of C$37.51. Canadian Apartment Properties REIT has a 1 year low of C$34.28 and a 1 year high of C$46.29. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36.

Canadian Apartment Properties REIT (TSE:CAR.UN) last issued its earnings results on Thursday, May 7th. The company reported C($1.19) EPS for the quarter. The business had revenue of C$247.90 million during the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.

Canadian Apartment Properties REIT Company Profile

Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.