Canadian Apartment Properties (CAR.UN-T) Stock Predictions - Stockchase
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Canadian Apartment Properties (CAR.UN-T)

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Canadian Apartment Proper...

CAR.UN-T

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Canadian Apartment Properties (CAR.UN-T) SAVE Apr, 24, 2019, 5:49 pm

47.72 0.12 (0.25%)

What the experts are saying about CAR.UN-T



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Signal Opinion Expert
BUY
He liked this so much because the old Wynne government in Ontario re-imposed rent controls which discouraged the construction of new apartments. CAR.UN has excellent management, However, will the Ford government remove rent control and encourage developers to go into high-end apartments? If so, it could take 5 years to create an oversupply of apartments, so he feels safe with this REIT. CAR.UN holds first-class assets.
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He liked this so much because the old Wynne government in Ontario re-imposed rent controls which discouraged the construction of new apartments. CAR.UN has excellent management, However, will the Ford government remove rent control and encourage developers to go into high-end apartments? If so, it could take 5 years to create an oversupply of apartments, so he feels safe with this REIT. CAR.UN holds first-class assets.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$51.700
Owned Owned
Yes

HOLD
It's better to rent than buy, even with yesterday's new incentive in the federal budget. So, rentals will stay tight. He wishes he owns this REIT. They've done a good job creating value with most assets in Ontario where rents have increased. He sees no headwinds against CAR.UN, but it trades at 26x AFFO, which is high. It's too pricey to enter now. The higher it rises, the shyer he gets. Definitely hold it.
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It's better to rent than buy, even with yesterday's new incentive in the federal budget. So, rentals will stay tight. He wishes he owns this REIT. They've done a good job creating value with most assets in Ontario where rents have increased. He sees no headwinds against CAR.UN, but it trades at 26x AFFO, which is high. It's too pricey to enter now. The higher it rises, the shyer he gets. Definitely hold it.
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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$50.680
Owned Owned
No

DON'T BUY
They just had a good quarter. A solid 10% YOY growth. Occupancy at 99%. He sees 5% AFFO growth. A low 73% payout ratio, so the dividend is safe. Great balance sheet. It's amazing, apart from a very high valuation and pays only a small dividend. A fine name, but he wouldn't buy it now.
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They just had a good quarter. A solid 10% YOY growth. Occupancy at 99%. He sees 5% AFFO growth. A low 73% payout ratio, so the dividend is safe. Great balance sheet. It's amazing, apart from a very high valuation and pays only a small dividend. A fine name, but he wouldn't buy it now.
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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$50.230
Owned Owned
No

DON'T BUY
It is probably the best one in Canada in terms of residential REITs. You want to be cautious on REITs because they are expensive. This is not an ideal time to step into REITs.
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It is probably the best one in Canada in terms of residential REITs. You want to be cautious on REITs because they are expensive. This is not an ideal time to step into REITs.
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Larry Berman CF

Chief Inve, ETF Capital Manageme...

Price Price
$48.460
Owned Owned
Unknown

TOP PICK
Within the REIT sector, apartments are interesting because there is a real lack of rental space. Rental rates are really accelerating at just under 12%. They are growing cash to be distributed at about 8%. They have a 2.8% dividend that is growing faster than other apartment REITs. They have a strong balance sheet. They can get into more projects. They will add apartments in Toronto and Vancouver. It is one of his largest positions as a firm. (Analysts’ price target is $50.56)
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Within the REIT sector, apartments are interesting because there is a real lack of rental space. Rental rates are really accelerating at just under 12%. They are growing cash to be distributed at about 8%. They have a 2.8% dividend that is growing faster than other apartment REITs. They have a strong balance sheet. They can get into more projects. They will add apartments in Toronto and Vancouver. It is one of his largest positions as a firm. (Analysts’ price target is $50.56)
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David Burrows

President , Barometer Capital Ma...

Price Price
$48.750
Owned Owned
Yes

BUY
They just did a money raise, and he likes this stock--and rentals. Young people must rent, but there are limited units. This applies across Canada.
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They just did a money raise, and he likes this stock--and rentals. Young people must rent, but there are limited units. This applies across Canada.
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Jaime Carrasco

Portfolio , Canaccord Genuity...

Price Price
$45.400
Owned Owned
Yes

BUY on WEAKNESS
A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price.
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A shortage of housing and a willingness to rent to added to their tailwinds. At these levels, he would wait for a better price.
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Joshua Varghese

Portfolio , Signature Global Ass...

Price Price
$46.400
Owned Owned
No

BUY
It's still a buy. Doug Ford took rent control off new Ontario apartments, which did this sector a favour. This will spur new building of units. A well-run company. The dividend is under 4%, which is slightly lower than other REITs, but boasts better growth potential.
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It's still a buy. Doug Ford took rent control off new Ontario apartments, which did this sector a favour. This will spur new building of units. A well-run company. The dividend is under 4%, which is slightly lower than other REITs, but boasts better growth potential.
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David Baskin

President, Baskin Wealth Manage...

Price Price
$46.600
Owned Owned
Yes

BUY

Still likes the assets, management, and the huge shortage of high-quality apartments in markets like Toronto.
A great holding.

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Still likes the assets, management, and the huge shortage of high-quality apartments in markets like Toronto.
A great holding.

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David Baskin

President, Baskin Wealth Manage...

Price Price
$46.370
Owned Owned
Unknown

DON'T BUY

Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control.

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Has done fantastically, owning apartment buildings mainly in Ontario. Largest landlord in Toronto region, and benefiting from high rents. Biggest issue is that it’s very expensive, trading about 28x AFFO, compared to most REITs at 16-18x. Large cap spend on older units, but they’re developing so there’s growth. Question as to what new Ontario government will do with rent control.

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Paul Gardner, C

Partner an, Avenue Investment Ma...

Price Price
$43.350
Owned Owned
Unknown

HOLD

They did very well in Q1. Funds from operations up 10% y-o-y. NOI up 7%. Good balance sheet. 72% payout ratio. 47% debt to fair value. Everything great except it is trading at 22.8 times 2019 earnings. 

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They did very well in Q1. Funds from operations up 10% y-o-y. NOI up 7%. Good balance sheet. 72% payout ratio. 47% debt to fair value. Everything great except it is trading at 22.8 times 2019 earnings. 

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$43.100
Owned Owned
Yes

COMMENT

Income generator. A stable one. It is richly valued. They look for a combination if income and growth.

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Income generator. A stable one. It is richly valued. They look for a combination if income and growth.

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Greg Newman

Director &, Scotia Wealth Manage...

Price Price
$35.360
Owned Owned
No

SELL

Take the money and run.  It is an all stock deal.  He is not bullish on the sector.  His issue with the sector is valuation.  There is very little growth here except by acquisition.

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Take the money and run.  It is an all stock deal.  He is not bullish on the sector.  His issue with the sector is valuation.  There is very little growth here except by acquisition.

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John Zechner

Chairman, J. Zechner & Assoc...

Price Price
$36.710
Owned Owned
Unknown

PAST TOP PICK

(A Top Pick Feb. 16/17, Up 16%) High-quality properties with low vacancies and benefits from a tight rental market. Well-run though they lost their chairman. Good yield play of 3.6% that will likely rise. Lower dividend than other REITs, but with higher-growth potential.

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(A Top Pick Feb. 16/17, Up 16%) High-quality properties with low vacancies and benefits from a tight rental market. Well-run though they lost their chairman. Good yield play of 3.6% that will likely rise. Lower dividend than other REITs, but with higher-growth potential.

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0 0 0 0 0
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David Baskin

President, Baskin Wealth Manage...

Price Price
$35.760
Owned Owned
Unknown

DON'T BUY

Never a fun of REITs. He mistrusts them. He worries about the return of capital issue on REITs. He is not very keen on buying Toronto Real Estate now also. He rather had a covered call on banks for income.  

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Never a fun of REITs. He mistrusts them. He worries about the return of capital issue on REITs. He is not very keen on buying Toronto Real Estate now also. He rather had a covered call on banks for income.  

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0 0 0 0 0
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John Hood

President , J. C Hood Investment...

Price Price
$34.940
Owned Owned
No

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