Canadian Apartment Properties REIT (CAR.UN) Price Target Raised to C$52.00 at Raymond James

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target lifted by Raymond James from C$50.00 to C$52.00 in a research note published on Thursday morning. The firm currently has an outperform rating on the stock.

CAR.UN has been the subject of a number of other research reports. National Bank Financial increased their price objective on Canadian Apartment Properties REIT from C$45.00 to C$46.00 in a research report on Thursday, November 1st. Canaccord Genuity increased their price objective on Canadian Apartment Properties REIT from C$39.00 to C$43.50 in a research report on Monday, July 30th. CIBC increased their price objective on Canadian Apartment Properties REIT from C$46.00 to C$49.00 in a research report on Wednesday, September 26th. Royal Bank of Canada downgraded Canadian Apartment Properties REIT from an outperform rating to a sector perform rating and increased their price objective for the company from C$46.00 to C$49.00 in a research report on Monday, October 1st. Finally, Industrial Alliance Securities increased their price objective on Canadian Apartment Properties REIT from C$43.50 to C$50.00 in a research report on Tuesday, August 14th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Canadian Apartment Properties REIT currently has an average rating of Hold and a consensus target price of C$48.18.

Shares of TSE:CAR.UN traded up C$0.07 on Thursday, reaching C$47.52. 645,409 shares of the company traded hands, compared to its average volume of 310,604. Canadian Apartment Properties REIT has a fifty-two week low of C$31.93 and a fifty-two week 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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