Land Lease Community Owner in Canada gets Strong “buy” Rating

canadian_apartment_properties_reit__crditCanadian Apartment Properties REIT (TSE:CAR.UN) has recently received an “outperform” rating and a C$32 ($24 USD) target price from National Bank Financial. On Aug. 12 RBC Capital gave the company the same rating and target price, as dakotafinancialnews informs MHProNews.

All told, three research companies have issued a “hold” rating on CAR.UN and seven other have issued a “buy” rating on the stock. Among analysts that have issued a report on the stock in the last year, the average one-year price target is $31.00.

Additionally, Director Thomas Schwartz sold 76,500 shares of company stock Aug. 13 at an average price of C$28.66 ($21.75USD) for a net of C$2,192,237.55 ($1,666,100. USD).

Canadian Apartment Properties REIT has ownership in 29 manufactured home communities across Canada, and combined with other residential properties, total residential units is 41,552. ##

(Image credit: Canadian Apartment Properties REIT)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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