Canadian Apartment (TSX: CAR.UN), the Financial sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Mark Rothschild from Canaccord Genuity remains neutral on the stock and has a C$49 price target.
According to TipRanks.com, Rothschild is ranked #346 out of 4847 analysts.
Canadian Apartment has an analyst consensus of Moderate Buy, with a price target consensus of C$45.75, a -0.5% downside from current levels. In a report issued on August 10, TD Securities also downgraded the stock to Hold with a C$46 price target.
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Based on Canadian Apartment’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$100 million. In comparison, last year the company had a net profit of C$103 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 Monday at C$46.
