TSE:CAR.UN
45.68
0.00
(0.00%)
Canadian Apartment Properties
CAR.UN-T
Analysis and Opinions about CAR.UN-T
Signal
Opinion
Expert
PARTIAL BUY
PARTIAL BUY
September 10, 2020
Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
Show full opinionHide full opinion
Money flows from cyclicals to defense if a vaccine comes in 2021? Residential property REITS have been resilient in the REIT space. Likes and respects this company. The bigger secular stories are demographics, immigration and urbanization. CAP managers have executed well for many years. Short-term, this is low beta. So, if there's a massive recovery (via a vaccine), money will flow from REITS like this as well as tech. But long-term, this is a proven value creator.
TOP PICK
TOP PICK
June 15, 2020
It has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
Show full opinionHide full opinionIt has been added to the TSX-60. Immigration will pick up after the virus. They focus on mid-level apartment buildings. Their rents are undervalued. As there is turnover, they are able to charge market rents. They are looking to grow their European division. (Analysts’ price target is $56.23)
BUY WEAKNESS
BUY WEAKNESS
May 25, 2020
It depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
Show full opinionHide full opinionIt depends on what the government does in terms of support for landlords. The question is whether government support will continue. He feels we will see it continue. This one has seen some consolidation. Long term these are not bad levels to get into it.
BUY
BUY
April 16, 2020
BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.
BEI.UN-T, MI.UN-T and CAR.UN-T. REITs are an interesting universe right now. There is mortgage deferral relief, commercial rent relief. Residential is the best place to be right now. CAR.UN-T would be the best one. BEI.UN-T has a good component out west with potential risk for Alberta. People are going to need places to live and if they can't pay their mortgages then they will have to rent.
BUY WEAKNESS
BUY WEAKNESS
January 29, 2020
This has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
Show full opinionHide full opinionThis has done so well as the majority are rental properties mostly in Toronto, where the market is so tight. They have been able to increase rents. The valuation is high now, trading at 28 times free cash flow. They also have exposure in the Netherlands. The asset class is so desirable right now. Maybe one day they will be bought out. The yield is not great here either. Yield 2.4%
BUY
BUY
January 22, 2020
Canadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
Show full opinionHide full opinionCanadian REITs have done very well in recent years. He's waiting for a pullback to buy more. These names have so much growth embedded, because of the turnover of the apartments they hold. True, the valuation looks high, but their growth is strong. You gotta pull the trigger and own it.
PAST TOP PICK
PAST TOP PICK
January 16, 2020
(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
Show full opinionHide full opinion(A Top Pick Feb 07/19, Up 16%) He has really liked the apartment REITs because rents have been growing very nicely. The distributions are going up and you get a nice yield. There is a tone of money crowded into companies with high dividends but little dividend growth. Canada needs more rental housing.
PAST TOP PICK
PAST TOP PICK
January 15, 2020
(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.
(A Top Pick Jul 31/19, Up 14%) Super managers. The oldest, biggest REIT around. They are diversified. They own ERE.UN-X. They can easily build 10,000 apartments on land they currently own. Canada suffers from very low vacancies and strong demand for apartments in cities like Toronto, driven by immigrants, students and Boomers who are downsizing.
BUY WEAKNESS
BUY WEAKNESS
December 13, 2019
This has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.
Show full opinionHide full opinionThis has done very sell in the apartment space as a REIT. Near term pullback in prices may just be some profit taking and shifting into more cyclical areas. Not the highest yield. She would wait to buy on weakness.
DON'T BUY
DON'T BUY
December 10, 2019
This REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.
Show full opinionHide full opinionThis REIT and apartments have done amazingly well. Rents will move up. But CAR.UN is 28x AFFO, which is nosebleed high. If interest rates spike 0.5%, this will get hurt, sharply fall. Others in this space are cheaper.
BUY
BUY
December 3, 2019
A take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.
Show full opinionHide full opinionA take-out candidate? Apartments are a hot sector. Once rent control was removed, apartments are suddenly being built. Still, there isn't enough demand. REITs like this are a good way to play this space. Its dividend though is lower than its peers. It could possibly be taken out. If you've held it for 20 years, hold onto it or you pay capital gains.
BUY
BUY
December 2, 2019
Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
Show full opinionHide full opinionHas grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
HOLD
HOLD
November 27, 2019
CAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.
Show full opinionHide full opinionCAR.UN vs IIP.UN He likes both as they both have exposure to apartments in the Toronto market. Both have outstanding management teams and great opportunities ahead. He would hold both of them.
PAST TOP PICK
PAST TOP PICK
November 27, 2019
(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.
Show full opinionHide full opinion(A Top Pick Jul 31/19, Up 15%) He would continue to hold this. The right space in apartment rentals at the right time. They hold assets in the Netherlands and Ireland as well.
PAST TOP PICK
PAST TOP PICK
November 20, 2019
(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.
Show full opinionHide full opinion(A Top Pick Feb 07/19, Up 14%) Rental increases in Canada are in the low teens, which is helping distributions. It remains attractive in the yield space. He remains interested in residential and industrial REITs.
Canadian Apartment Properties(CAR.UN-T) Rating
Ranking : 5 out of 5
Bullish - Buy Signals / Votes : 16
Neutral - Hold Signals / Votes : 3
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 21
Canadian Apartment Properties(CAR.UN-T) Frequently Asked Questions
What is Canadian Apartment Properties stock symbol?
Canadian Apartment Properties is a Canadian stock, trading under the symbol CAR.UN-T on the Toronto Stock Exchange (CAR-UN-CT). It is usually referred to as TSX:CAR.UN or CAR.UN-T
Is Canadian Apartment Properties a buy or a sell?
In the last year, 21 stock analysts published opinions about CAR.UN-T. 16 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is PARTIAL BUY. Read the latest stock experts' ratings for Canadian Apartment Properties.
Is Canadian Apartment Properties a good investment or a top pick?
Canadian Apartment Properties was recommended as a Top Pick by Brian Madden on 2020-09-10. Read the latest stock experts ratings for Canadian Apartment Properties.
Why is Canadian Apartment Properties stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Canadian Apartment Properties worth watching?
21 stock analysts on Stockchase covered Canadian Apartment Properties In the last year. It is a trending stock that is worth watching.
What is Canadian Apartment Properties stock price?
On 2020-09-18, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $45.68.
