Canadian Apartment Properties REIT (TSE:CAR.UN) had its price target boosted by Royal Bank Of Canada from C$35.00 to C$38.00 in a research report report published on Tuesday. They currently have an outperform rating on the stock.

Several other equities analysts also recently weighed in on the company. National Bank Financial lifted their target price on Canadian Apartment Properties REIT from C$36.25 to C$36.50 and gave the company an outperform rating in a research report on Tuesday, October 31st. CIBC lifted their target price on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research report on Wednesday, August 16th. Scotiabank boosted their price objective on Canadian Apartment Properties REIT from C$34.00 to C$35.50 and gave the stock a sector perform rating in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. boosted their price objective on Canadian Apartment Properties REIT from C$35.00 to C$36.00 in a research report on Thursday, August 17th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Canadian Apartment Properties REIT presently has a consensus rating of Buy and a consensus price target of C$37.14.

Canadian Apartment Properties REIT (TSE:CAR.UN) opened at C$36.65 on Tuesday. 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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