Canadian Apartment Properties REIT (CAR.UN) Price Target Raised to C$40.00

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective hoisted by TD Securities from C$38.00 to C$40.00 in a research note released on Wednesday morning. TD Securities currently has a buy rating on the stock.

Several other analysts have also recently commented on the company. Scotiabank raised their price target on Canadian Apartment Properties REIT from C$36.50 to C$37.00 and gave the company a sector perform rating in a report on Wednesday. Royal Bank of Canada raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$38.00 and gave the company an outperform rating in a report on Tuesday, November 7th. National Bank Financial raised their price target on Canadian Apartment Properties REIT from C$36.50 to C$37.00 and gave the company an outperform rating in a report on Tuesday, November 7th. Raymond James Financial, Inc. raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a report on Thursday, August 17th. Finally, CIBC raised their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a report on Wednesday, August 16th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Canadian Apartment Properties REIT presently has an average rating of Buy and an average price target of C$37.14.

Shares of Canadian Apartment Properties REIT (CAR.UN) opened at C$36.65 on Wednesday. Canadian Apartment Properties REIT has a 1-year low of C$29.42 and a 1-year high of C$37.35.

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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.

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

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