Canadian Apartment Properties REIT (CAR.UN) Price Target Increased to C$47.00 by Analysts at National Bank Financial

Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target increased by National Bank Financial from C$46.00 to C$47.00 in a report released on Friday. They currently have a sector perform rating on the stock.

Other equities research analysts have also issued reports about the stock. Canaccord Genuity lifted their target price on shares of Canadian Apartment Properties REIT from C$39.00 to C$43.50 in a research report on Monday, July 30th. Royal Bank of Canada lifted their target price on shares of Canadian Apartment Properties REIT from C$40.00 to C$46.00 and gave the company an outperform rating in a research report on Monday, August 13th. TD Securities lifted their target price on shares of Canadian Apartment Properties REIT from C$46.00 to C$48.00 and gave the company a hold rating in a research report on Tuesday, August 14th. Industrial Alliance Securities lifted their target price on shares of Canadian Apartment Properties REIT from C$43.50 to C$50.00 in a research report on Tuesday, August 14th. Finally, Desjardins lifted 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. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of C$48.18.

TSE:CAR.UN traded up C$0.07 during mid-day trading on Friday, hitting C$47.52. 645,409 shares of the stock traded hands, compared to its average volume of 310,604. 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.

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

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