On January 4, an analyst has provided a rating update for the Financial sector company, Canadian Apartment (CAR.UN). Analyst Mark Rothschild from Canaccord Genuity rated Canadian Apartment (CAR.UN) a Buy on January 4, setting a C$51 price target.
According to TipRanks.com, Rothschild is ranked #718 out of 5116 analysts.
Currently, the analyst consensus on Canadian Apartment is a Hold with an average price target of C$49.61.
Based on Canadian Apartment’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of C$120 million. In comparison, last year the company had a net profit of C$377 million.
Canadian Apartment Properties Real Estate Investment Trust owns and operates a portfolio of multi-unit residential rental properties, including apartments, townhomes and manufactured home communities located in and near major urban centers across Canada.
The company’s shares closed on Friday at C$43.28.
