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)
