Canadian Apartment Properties REIT (CAR.UN) Rating Increased to Buy at TD Securities

TD Securities upgraded shares of Canadian Apartment Properties REIT (TSE:CAR.UN) from a hold rating to a buy rating in a report issued on Monday. They currently have C$52.00 target price on the stock, up from their prior target price of C$51.00.

Several other equities research analysts also recently issued reports on CAR.UN. National Bank Financial lifted their price objective on Canadian Apartment Properties REIT from C$45.00 to C$46.00 in a report on Thursday, November 1st. CIBC lifted their price objective on Canadian Apartment Properties REIT from C$46.00 to C$49.00 in a report on Wednesday, September 26th. Canaccord Genuity restated a buy rating and set a C$51.00 price objective on shares of Canadian Apartment Properties REIT in a report on Sunday, January 6th. Raymond James lifted their price objective on Canadian Apartment Properties REIT from C$50.00 to C$52.00 and gave the stock an outperform rating in a report on Thursday, November 8th. Finally, Royal Bank of Canada lifted their price objective on Canadian Apartment Properties REIT from C$49.00 to C$50.00 and gave the stock a sector perform rating in a report on Thursday, November 8th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Canadian Apartment Properties REIT presently has a consensus rating of Buy and an average price target of C$49.03.

Canadian Apartment Properties REIT stock opened at C$44.65 on Monday. Canadian Apartment Properties REIT has a one year low of C$31.93 and a one year 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.

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

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