Canadian Imperial Bank of Commerce Cuts Canadian Apartment Properties REIT (TSE:CAR.UN) Price Target to C$40.00

Posted by Dante Gardener on Aug 13th, 2026

Canadian Apartment Properties REIT (TSE:CAR.UN – Free Report) had its price target cut by Canadian Imperial Bank of Commerce from C$45.00 to C$40.00 in a report released on Monday,BayStreet.CA reports.

Separately, TD cut their price target on shares of Canadian Apartment Properties REIT from C$46.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, May 11th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$45.31.

Read Our Latest Stock Analysis on CAR.UN

Canadian Apartment Properties REIT Stock Down 0.1%

Shares of Canadian Apartment Properties REIT stock opened at C$33.70 on Monday. The company has a market cap of C$5.16 billion, a P/E ratio of 3,951.23, a PEG ratio of -10.12 and a beta of 0.81. The company has a debt-to-equity ratio of 76.05, a quick ratio of 0.16 and a current ratio of 0.36. Canadian Apartment Properties REIT has a one year low of C$33.15 and a one year high of C$43.27. The firm has a fifty day moving average of C$34.98 and a two-hundred day moving average of C$35.97.

Canadian Apartment Properties REIT (TSE:CAR.UN – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C($0.42) EPS for the quarter. The firm had revenue of C$246.41 million during the quarter. Canadian Apartment Properties REIT had a negative return on equity of 1.08% and a negative net margin of 4.95%.

About Canadian Apartment Properties REIT

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Canadian Apartment Properties Real Estate Investment Trust, or CAPREIT, is a real estate investment trust primarily engaged in the acquisition and leasing of multiunit residential rental properties located near major urban centers across Canada. The company’s real estate portfolio is mainly composed of apartments and townhouses situated near public amenities. Most of CAPREIT’s holdings are aimed towards the midtier and luxury markets in terms of demographic segments. The company derives nearly all of its income in the form of rental revenue from leasing its properties to tenants.