Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target raised by CIBC from C$46.00 to C$49.00 in a research report report published on Wednesday.

Other research analysts have also recently issued reports about the stock. Desjardins increased their target price on shares of Canadian Apartment Properties REIT from C$43.00 to C$49.00 in a report on Tuesday, August 14th. Industrial Alliance Securities increased their target price on shares of Canadian Apartment Properties REIT from C$43.50 to C$50.00 in a report on Tuesday, August 14th. National Bank Financial increased their target price on shares of Canadian Apartment Properties REIT from C$42.50 to C$44.50 in a report on Monday, August 13th. Canaccord Genuity increased their target price on shares of Canadian Apartment Properties REIT from C$39.00 to C$43.50 in a report on Monday, July 30th. Finally, TD Securities increased their target price on shares of Canadian Apartment Properties REIT from C$46.00 to C$48.00 and gave the stock a hold rating in a report on Tuesday, August 14th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of C$47.08.

Shares of Canadian Apartment Properties REIT stock opened at C$48.29 on Wednesday. Canadian Apartment Properties REIT has a 1 year low of C$31.93 and a 1 year high of C$37.94.

Canadian Apartment Properties REIT Company Profile

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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