Royal Bank Of Canada Increases Canadian Apartment Properties REIT (CAR.UN) Price Target to C$38.00
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.
WARNING: This article was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/royal-bank-of-canada-increases-canadian-apartment-properties-reit-car-un-price-target-to-c38-00/1694488.html.
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.
Receive News & Ratings for Canadian Apartment Properties REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Apartment Properties REIT and related companies with Analyst Ratings Network's FREE daily email newsletter.