Canadian Apartment Properties REIT (CAR.UN) Price Target Increased to C$49.00 by Analysts at CIBC

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective increased by CIBC from C$46.00 to C$49.00 in a research note published on Wednesday.

A number of other equities analysts have also weighed in on the stock. Raymond James upped their target price on shares of Canadian Apartment Properties REIT from C$42.00 to C$50.00 and gave the stock an outperform rating in a research report on Tuesday, August 14th. TD Securities upped their target price on shares of Canadian Apartment Properties REIT from C$46.00 to C$48.00 and gave the stock a hold rating in a research report on Tuesday, August 14th. National Bank Financial upped their target price on shares of Canadian Apartment Properties REIT from C$42.50 to C$44.50 in a research report on Monday, August 13th. Royal Bank of Canada upped their target price on shares of Canadian Apartment Properties REIT from C$40.00 to C$46.00 and gave the stock an outperform rating in a research report on Monday, August 13th. Finally, Desjardins upped their target price on shares of Canadian Apartment Properties REIT from C$43.00 to C$49.00 in a research report on Tuesday, August 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Canadian Apartment Properties REIT presently has an average rating of Buy and an average target price of C$47.08.

Shares of Canadian Apartment Properties REIT stock opened at C$48.29 on Wednesday. Canadian Apartment Properties REIT has a 12 month low of C$31.93 and a 12 month high of C$37.94.

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.

See Also: Hedge Funds

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

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