Canadian Apartment Properties REIT (TSE:CAR.UN) had its price objective increased by Scotiabank from C$36.50 to C$37.00 in a report issued on Wednesday morning. They currently have a sector perform rating on the stock.

A number of other equities research analysts have also weighed in on the company. Royal Bank of Canada boosted their price target on Canadian Apartment Properties REIT from C$35.00 to C$38.00 and gave the stock an outperform rating in a research note on Tuesday, November 7th. National Bank Financial boosted their price target on Canadian Apartment Properties REIT from C$36.25 to C$36.50 and gave the stock an outperform rating in a research note on Tuesday, October 31st. CIBC boosted their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Wednesday, August 16th. Finally, Raymond James Financial, Inc. boosted their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research note on Thursday, August 17th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Canadian Apartment Properties REIT has an average rating of Buy and a consensus price target of C$37.14.

Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) opened at C$36.65 on Wednesday. Canadian Apartment Properties REIT has a 52 week low of C$29.42 and a 52 week high of C$37.35.

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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.

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

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