Canadian Apartment Properties REIT (TSE:CAR.UN) Hits New 12-Month Low – Should You Sell?

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) hit a new 52-week low on Monday . The stock traded as low as C$39.23 and last traded at C$39.41, with a volume of 80350 shares. The stock had previously closed at C$40.51.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. TD Securities dropped their target price on shares of Canadian Apartment Properties REIT from C$62.00 to C$58.00 in a research report on Monday, November 11th. Scotiabank lowered their price objective on Canadian Apartment Properties REIT from C$55.50 to C$53.00 in a report on Monday, November 11th. Raymond James decreased their target price on Canadian Apartment Properties REIT from C$58.00 to C$54.50 in a research report on Monday, January 13th. National Bankshares dropped their price target on Canadian Apartment Properties REIT from C$63.00 to C$61.50 in a research report on Monday, November 11th. Finally, BMO Capital Markets decreased their price objective on shares of Canadian Apartment Properties REIT from C$56.00 to C$54.00 in a report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$57.00.

Canadian Apartment Properties REIT Stock Performance

The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The stock has a 50 day moving average of C$42.55 and a 200 day moving average of C$47.43. The stock has a market capitalization of C$6.66 billion, a P/E ratio of -124.50, a P/E/G ratio of -10.12 and a beta of 1.23.

About Canadian Apartment Properties REIT

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.