Canadian Apartment Properties

CAR.UN-T

Analysis and Opinions about CAR.UN-T

Signal
Opinion
Expert
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.
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.
David Baskin
President, Baskin Wealth Management
Price
$54.800
Owned
Yes
BUY
BUY
December 2, 2019
Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
Has grown 280% over 10 years. A great way to play residential rentals in Canadian cities like Toronto.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$55.440
Owned
Unknown
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.
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.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$54.740
Owned
Unknown
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.
(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.
Jeffrey F. Olin
President & CEO, Vision Capital Corporation
Price
$54.740
Owned
Yes
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.
(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.
David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$54.150
Owned
Yes
TOP PICK
TOP PICK
November 18, 2019
The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)
The REITs are re-accelerating even among bond proxies and CAP REIT is revving up. This will outperform the market. (Analysts’ price target is $57.13)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$54.760
Owned
Yes
BUY
BUY
November 4, 2019
We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.
We have such a tight market in the Toronto market where they operate, they can move rents materially. He sees a lot of upside in the stock.
Andrew Moffs
Senior Vice President and Portfolio Manager , Vision Capital
Price
$55.510
Owned
Unknown
BUY
BUY
October 31, 2019
Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.
Bullish on Canadian apartment sector. CAR is a growth stock, with yield. Significantly more growth for them. Likes it, a great play on the sector. Still time to get in.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$54.200
Owned
Unknown
HOLD
HOLD
October 9, 2019
The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.
The biggest apartment REIT in Canada. A good, liquid way to play the fundamentals in this space. Global analysts see the GTA of Ontario a great market area, right up there with India. He wonders what their rental rate growth might be going forward. A good name to hold.
Joshua Varghese
Portfolio manager, Signature Global Asset Management, CI Investments
Price
$56.620
Owned
Unknown
HOLD
HOLD
October 8, 2019
The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.
The whole sector has been hot with rents increasing. CAR has been a great performer, but it's a lower-yielding REIT of 2.4%. He prefers higher ones like 5-7%. But this is a good grower--will that growth compensate for the low yield? Don't chase this now, but hold onto it.
Jamie Murray
Head of research, Murray Wealth Group
Price
$56.480
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
October 1, 2019
(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.
(A Top Pick Aug 13/19, Up 7%) The chart looks good. It moved higher in the winter, went sideways in the summer, then resumed moving up to the present. Meanwhile, collect the dividend.
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$54.310
Owned
Yes
DON'T BUY
DON'T BUY
September 20, 2019
It’s probably too late to get in. The dividend will grow at 8% but the dividend is pretty small compared to a traditional REIT. It’s also very expensive. Would go for another company with higher growth rate.
It’s probably too late to get in. The dividend will grow at 8% but the dividend is pretty small compared to a traditional REIT. It’s also very expensive. Would go for another company with higher growth rate.
Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$54.610
Owned
No
BUY
BUY
September 4, 2019
Buy at current levels? Yes, because new Canadians continue to enter our cities which feeds housing demand. CAR is expensive, because it keeps growing.
Buy at current levels? Yes, because new Canadians continue to enter our cities which feeds housing demand. CAR is expensive, because it keeps growing.
Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$54.000
Owned
No
BUY
BUY
August 22, 2019
An industrial or residential REIT? Both sectors are great with strong supply/demand imbalance. CAR is mostly based in Ontario and have 10,000 units they can develop--a strong pipeline. Fine managers. Look at Top Picks for an industrial REIT.
An industrial or residential REIT? Both sectors are great with strong supply/demand imbalance. CAR is mostly based in Ontario and have 10,000 units they can develop--a strong pipeline. Fine managers. Look at Top Picks for an industrial REIT.
Michelle Wearing
Portfolio Manager, Starlight Capital
Price
$53.020
Owned
Unknown
TOP PICK
TOP PICK
August 13, 2019
It's been sideways this year and only recently breaking out to all-time highs. The chart looks awesome and there's strong demand for rentals. And you're paid a dividend. (Analysts’ price target is $52.56)
It's been sideways this year and only recently breaking out to all-time highs. The chart looks awesome and there's strong demand for rentals. And you're paid a dividend. (Analysts’ price target is $52.56)
Javed Mirza
Technical analyst, Canaccord Genuity
Price
$51.060
Owned
Yes
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