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Canadian Apartment (CAR.UN) Receives a Buy from RBC Capital

Tipranks - Tipranks - Tue May 12, 6:52AM CDT

RBC Capital analyst Jimmy Shan maintained a Buy rating on Canadian Apartment on May 8 and set a price target of C$45.00. The company’s shares closed last Friday at C$34.96.

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Shan covers the Real Estate sector, focusing on stocks such as Boardwalk REIT, Colliers International Group, and Storagevault Canada. According to TipRanks, Shan has an average return of 7.2% and a 64.71% success rate on recommended stocks.

Currently, the analyst consensus on Canadian Apartment is a Strong Buy with an average price target of C$45.00.

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Based on Canadian Apartment’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$247.9 million and a GAAP net loss of C$182.45 million. In comparison, last year the company earned a revenue of C$253.31 million and had a net profit of C$7.99 million

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