Raymond James Financial Inc. upgraded shares of Canadian Apartment Properties REIT (TSE:CAR.UN) from a market perform rating to an outperform rating in a research note published on Monday morning. They currently have C$32.00 price objective on the stock.

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

Other analysts have also recently issued research reports about the stock. TD Securities increased their price objective on shares of Canadian Apartment Properties REIT from C$35.00 to C$36.00 and gave the stock a buy rating in a report on Thursday, August 4th. BMO Capital Markets cut shares of Canadian Apartment Properties REIT from an outperform rating to a market perform rating in a research note on Thursday, August 11th. Royal Bank Of Canada reissued an outperform rating and set a C$33.00 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, July 6th. Finally, Scotiabank reissued a sector perform rating and set a C$33.00 target price on shares of Canadian Apartment Properties REIT in a research note on Wednesday, August 10th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Canadian Apartment Properties REIT presently has an average rating of Buy and a consensus target price of C$32.67.

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.

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