Capreit (CAR.UN) Cut to Sector Perform at National Bank Financial

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.

Analyst Recommendations for Capreit (TSE:CAR.UN)

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