Today, an analyst has provided a rating update for the Financial sector company, Canadian Apartment (TSX: CAR.UN). The company received a Hold rating from National Bank’s analyst Matt Kornack, with a C$46 price target.
According to TipRanks.com, Kornack is ranked #3591 out of 4895 analysts.
Currently, the analyst consensus on Canadian Apartment is a Hold with an average price target of C$48.86.
Based on Canadian Apartment’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of C$262 million. In comparison, last year the company had a net profit of C$216 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 Thursday at C$47.05, close to its 52-week high of C$49.45.
