Buy, Sell or Hold: Canadian Apartment Properties (CAR.UN-T)

TSE:CAR.UN

61.95

1.59 (2.63%) 1d

Showing 1 to 15 of 191 entries

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. One of their favourite REITs. Good for income. One of the best managed REITs that has good potential with a strong historical performance record. Unlock Premium - Try 5i Free

investment companies / funds

PAST TOP PICK

(A Top Pick Oct 19/20, Up 38%) He would stick with it. It is a great core holding and has been for a couple of decades. Immigration is coming back in after COVID and when you land in Canada, you need somewhere to live. There may be pressure on the Ford government to keep rents flat, but he likes the name. You might want to trim some of your gains.

investment companies / funds

HOLD

Well loved and well owned. Dividend yield doesn't excite him. Better yields in the sector with similar growth prospects, especially with changing dynamics of retail and office. Steady, stable, but not a lot of growth. Nothing wrong with a long-term hold.

investment companies / funds

WAIT

Good solid investment. Liberal election platform is targetting landlords, so keep an eye on this. Long-term that's just noise. Great job growing portfolio. He'd want to see more growth pass through to the dividend. On his list. Wait for a better entry point when the whole market is softer, perhaps in September.

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DON'T BUY

CAR has pulled back in the last couple of weeks. Stable dividend, rather than a grower, which is why he'd be less focused on that area. Cashflows will be flat this year, but should be back to growth next year. He'd prefer the industrial REITs more, such as DIR.UN. Yield is 2.3%.

investment companies / funds

BUY

One of his favoured multi-family stocks. Trades at a discount to NAV. Management is very strong. Catalyst to the apartment sector is the return of immigration. CAR.UN delivers affordable housing for immigrants and students. Great combination of value and growth.

investment companies / funds

PARTIAL BUY

Allan Tong’s Discover Picks CAP REIT stock surpasses it peers in several categories: earnings, cash flow, gross and profit margins. Its PE, for example, stands at 11x compared to SmartCentres REIT’s 71.7x and Allied Properties REIT‘s 17.4x. ROI is 6.89% vs. 0.99% and 3.63% against those same names. True, the dividend yield pays 2.24% which pales next to those REITs, but the payout ratio is a low 25%. Read 3 Safe and Defensive Stocks to Buy for our full analysis.

investment companies / funds

PAST TOP PICK

(A Top Pick Jun 15/20, Up 23%) The market was at a low multiple back when he bought it. It was trading at a huge discount to the value of its apartments and that made no sense. It is now near an all time high. The hunt for quality assets is there. This is one of the greatest assets over the long term.

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STRONG BUY

He is very bullish on it. It still trades below its pre-pandemic levels. Immigration has paused and there is a question about foreign students returning in the fall. We never saw a dip in occupancy in their products.

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TOP PICK

He likes its valuation and its concentration in the GTA, its largest market. Immigration and foreign students returning will drive growth. During Covid, millennials returned home, but after mass vaccinations, this cohort will return to the apartment market and create a bounceback. CAP REIT will definitely benefit from this pent-up demand. He sees a lot of upside in earnings and a NAV basis later this year. CAP REIT is very undervalued.

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TOP PICK

Inventory of buildings is way undervalued by the market. Rent is a sensible alternative in places like Toronto. Nice dividend. Terrific holding. Yield is 2.75%. (Analysts’ price target is $56.65)

investment companies / funds

BUY

Buy it here. Largest publicly traded landlord in Canada. Occupancy is holding high. Cashflow resilient. Over the next couple of months, you'll see some private transactions that will solidify the NAV and it will trade closer to its proper NAV.

investment companies / funds

TOP PICK

It's the largest apartment owner in Canada at 45,000 units. They also own the largest portfolio where they own the land and rent it out. They also own in Ireland and Holland (see ERE REIT). CAP REIT reported super results last night. The lack of immigration and an Ontario rent freeze have pressured apartment REITs, but these are short-term issues that will reverse. There are low 2% cap rates in downtown Toronto, but he's very bullish CAP REIT. CAP REIT can finance its portfolio at very attractive rates (100 basis points lower than 2019). A strong buy. CAP REIT has always traded at a premium to NAV, but today you can CAP REIT at a discount--a rare opportunity.

investment companies / funds

TOP PICK

50,000 apartment units, many in the GTA. You are going to have immigration come back into Canada early next year after a vaccine starts to get used. They are collecting 99% of their rents right now. It is a blue chip REIT here in Canada that looks miss-priced. (Analysts’ price target is $55.60)

investment companies / funds

STRONG BUY

Collection rate is a good 98% Blue-chip managers and a great portfolio. Definitely own this. It's pulled back to a heavily discounted level to NAV, which means it's cheaper to buy this on the stock market than the private market. Its value is in the $60s, but you can buy it now in the $40s. This REIT is overly discounted now, though it believes in it long term. Also, 15% of their portfolio is in Holland and Ireland, which boasts great supply and demand.

investment companies / funds

Showing 1 to 15 of 191 entries

Canadian Apartment Properties(CAR.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 7

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 9

Stockchase rating for Canadian Apartment Properties is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 9 stock analysts published opinions about CAR.UN-T. 7 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . 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 on . 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?

9 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 2021-10-20, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $61.95.

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