Shares of Canadian Apartment Properties REIT (TSE:CAR.UN) have been assigned an average recommendation of “Buy” from the eight research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$37.38.

A number of research firms have recently weighed in on CAR.UN. Raymond James Financial increased their price target on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a report on Thursday, August 17th. National Bank Financial increased their price target on Canadian Apartment Properties REIT from C$35.50 to C$36.25 and gave the stock an “outperform” rating in a report on Wednesday, August 16th. Scotiabank increased their price target on Canadian Apartment Properties REIT from C$34.00 to C$35.50 and gave the stock a “sector perform” rating in a report on Wednesday, August 16th. CIBC raised their target price on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a report on Wednesday, August 16th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$39.00 target price (up from C$35.00) on shares of Canadian Apartment Properties REIT in a report on Monday, November 13th.

Canadian Apartment Properties REIT (TSE CAR.UN) traded up C$0.30 during midday trading on Friday, hitting C$37.40. The stock had a trading volume of 147,833 shares, compared to its average volume of 215,597. Canadian Apartment Properties REIT has a fifty-two week low of C$29.53 and a fifty-two week high of C$37.47.

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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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