TSE:CAR.UN), 2 rate it a "Buy", 0 "Sell", while 2 "Hold". This">

Were Analysts Bullish Canadian Apartment Properties REIT (TSE:CAR.UN) This Week?


Out of 4 analysts covering CAP REIT (TSE:CAR.UN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $36 is the highest target while $29.50 is the lowest. The $34 average target is 15.33% above today’s ($29.48) stock price. CAP REIT has been the topic of 6 analyst reports since November 17, 2015 according to StockzIntelligence Inc. BMO Capital Markets downgraded the stock on August 12 to “Market Perform” rating. Below is a list of Canadian Apartment Properties REIT (TSE:CAR.UN) latest ratings and price target changes.

12/08/2016 Broker: BMO Capital Markets Old Rating: Outperform New Rating: Market Perform Downgrade
12/08/2016 Broker: TD Securities Rating: Buy New Target: $36.00 Maintain
11/08/2016 Broker: Scotia Capital Rating: Sector Perform New Target: $33.00 Maintain
06/07/2016 Broker: RBC Capital Markets Rating: Outperform New Target: $33.00 Maintain

About 47,499 shares traded hands. Canadian Apartment Properties REIT (TSE:CAR.UN) has 0.00% since February 5, 2016 and is . It has underperformed by 16.49% the S&P500.

Canadian Apartment Properties Real Estate Investment Trust is a Canada open-ended real estate investment trust. The company has a market cap of $3.97 billion. CAPREIT’s investment objectives are to provide unitholders with long-term, monthly cash distributions; grow normalized funds from activities (NFFO), distributions and Unit value through the management of its properties, acquisitions and financial management, and reinvest capital within the property portfolio. It has a 11.98 P/E ratio. CAPREIT owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities (MHC) located in and near urban centers in Canada.

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