Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) had its price objective increased by investment analysts at Raymond James from C$58.00 to C$59.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 18.74% from the stock’s previous close.
Several other analysts have also issued reports on CAR.UN. TD Securities cut their price target on Canadian Apartment Properties REIT from C$63.00 to C$60.00 in a report on Wednesday, April 24th. National Bankshares cut their price target on Canadian Apartment Properties REIT from C$60.00 to C$56.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Cormark boosted their price target on Canadian Apartment Properties REIT from C$56.00 to C$57.00 in a report on Tuesday. Royal Bank of Canada boosted their price objective on Canadian Apartment Properties REIT from C$58.00 to C$60.00 in a research report on Friday. Finally, Scotiabank boosted their price objective on Canadian Apartment Properties REIT from C$54.00 to C$54.25 in a research report on Friday. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$56.77.
View Our Latest Stock Analysis on CAR.UN
Canadian Apartment Properties REIT Stock Performance
Canadian Apartment Properties REIT Company Profile
CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at December 31, 2023, CAPREIT owns approximately 64,300 residential apartment suites, townhomes and manufactured home community sites that are well-located across Canada and the Netherlands, with approximately $16.5 billion of investment properties in Canada and Europe.
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