Canadian Apartment Properties REIT (TSE:CAR.UN) Reaches New 1-Year Low After Analyst Downgrade

Canadian Apartment Properties REIT (TSE:CAR.UN) shares reached a new 52-week low on Tuesday after Raymond James Financial lowered their price target on the stock from C$37.00 to C$36.50. Raymond James Financial currently has an outperform rating on the stock. Canadian Apartment Properties REIT traded as low as C$30.76 and last traded at C$30.76, with a volume of 62,580 shares. The stock had previously closed at C$31.06.

CAR.UN has been the subject of several other reports. ATB Cormark Capital Markets decreased their price target on shares of Canadian Apartment Properties REIT from C$48.00 to C$43.00 and set an “outperform” rating for the company in a report on Tuesday, August 11th. Canadian Imperial Bank of Commerce dropped their price objective on shares of Canadian Apartment Properties REIT from C$45.00 to C$40.00 in a research note on Monday, August 10th. Four equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of C$43.21.

Canadian Apartment Properties REIT Price Performance

The stock has a 50 day moving average of C$31.67 and a two-hundred day moving average of C$34.78. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. The stock has a market cap of C$4.67 billion, a PE ratio of -14.18, a PEG ratio of -10.12 and a beta of 0.61.

Canadian Apartment Properties REIT (TSE:CAR.UN) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C($1.14) earnings per share for the quarter. The business had revenue of C$246.62 million for the quarter. Canadian Apartment Properties REIT had a negative net margin of 4.95% and a negative return on equity of 1.08%.

Canadian Apartment Properties REIT Company Profile

CAPREIT is Canada’s largest publicly traded provider of quality rental housing. As at June 30, 2026, CAPREIT owns approximately 45,400 residential apartment suites and townhomes (excluding approximately 100 suites classified as assets held for sale), that are well-located across Canada and, to a lesser extent, the Netherlands, with a total fair value of approximately $14.4 billion (excluding approximately $21.6 million of assets held for sale). For more information about CAPREIT, its business and its investment highlights, please visit our website at www.capreit.ca and our public disclosures which can be found under our profile at www.sedarplus.ca.