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Canadian Apartment (CAR.UN) Receives a Hold from CIBC

Tipranks - Tipranks - Wed Feb 18, 9:56AM CST

CIBC analyst Dean Wilkinson maintained a Hold rating on Canadian Apartment today and set a price target of C$45.00.

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Wilkinson covers the Real Estate sector, focusing on stocks such as Canadian Apartment, First Capital Realty, and Storagevault Canada. According to TipRanks, Wilkinson has an average return of 13.4% and a 69.83% success rate on recommended stocks.

In addition to CIBC, Canadian Apartment also received a Hold from TipRanks – OpenAI’s OpenAI Real Estate CA in a report issued on February 2. However, today, RBC Capital maintained a Buy rating on Canadian Apartment (TSX: CAR.UN).

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Based on Canadian Apartment’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$252.32 million and a net profit of C$26.19 million. In comparison, last year the company earned a revenue of C$282.44 million and had a net profit of C$47.37 million

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