National Bank Financial lowered shares of Capreit (TSE:CAR.UN) from an outperform rating to a sector perform rating in a research note issued to investors on Tuesday. National Bank Financial currently has C$38.00 price target on the stock, up from their previous price target of C$36.75.
A number of other research firms have also recently commented on CAR.UN. BMO Capital Markets raised their target price on Capreit from C$39.00 to C$41.00 and gave the company an outperform rating in a research note on Wednesday, April 4th. Scotiabank raised their target price on Capreit from C$37.00 to C$38.50 and gave the company a sector perform rating in a research note on Monday, March 19th. Finally, CIBC raised their target price on Capreit from C$38.00 to C$38.50 in a research note on Friday, March 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Capreit presently has an average rating of Buy and a consensus price target of C$39.00.
CAR.UN opened at C$37.01 on Tuesday. Capreit has a 52 week low of C$31.93 and a 52 week high of C$37.94.
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Capreit 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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