The Globe and Mail reports in its Tuesday, Dec. 12, edition that Desjardins Securities analyst Kyle Stanley has reaffirmed his "buy" recommendation for Canadian Apartment Properties REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Stanley jacked his unit target up by $4 to $58. Analysts on average target the units at $54.47. The Globe says Mr. Stanley sees improved market fundamentals leading to portfolio-wide leasing momentum and a continued decline in turnover at CAP REIT. Last week, the analyst hosted the Toronto-based REIT's management for marketing meetings in the United States. . Stanley says in a note: "As CAP REIT is the largest and most liquid of the Canadian apartment peers, we believe the meetings were well-timed, with institutional capital beginning to flow back to REITs in recent weeks with the decline in 10-year bond yields (CAP REIT has delivered 13-per-cent total return since October 1 vs 8.5 per cent for apartment peers)." The Globe reported on Aug. 9 that Mr. Stanley had reiterated his "buy" recommendation for CAP REIT. In the item he said, "Top-line growth drivers remain intact as CAP REIT achieved record leasing spreads in 2Q." The units could then be had for $49.42.