TSE:CAR.UN
44.79
2.34
(5.51%)
Analysis and Opinions about CAR.UN-T
Signal
Opinion
Expert
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 opinion
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%
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.
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)
Show full opinionHide full opinionThe 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)
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.
Show full opinionHide full opinionWe 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.
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.
Show full opinionHide full opinionBullish 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.
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.
Show full opinionHide full opinionThe 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.
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 : 3
Total Signals / Votes : 22
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, 22 stock analysts published opinions about CAR.UN-T. 16 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is BUY on WEAKNESS. 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 Paul Gardner, CFA on 2020-01-29. 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?
22 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 2020-04-08, Canadian Apartment Properties (CAR.UN-T) stock closed at a price of $44.79.
