The Globe and Mail reports in its Tuesday, Nov. 11, edition that Canaccord Genuity analyst Mark Rothschild, pointing to recent market weakness, has elevated his recommendation for Canadian Apartment Properties REIT to "buy" from "hold." The Globe's David Leeder writes in the Eye On Equities column that Mr. Rothschild continues to target the units at $47. Analysts on average target the units at $48.82. Mr. Rothschild says in a note: "Utilizing a cap rate of 5.10 per cent (unchanged), our NAV per unit estimate is now $49.53 (from $48.16), and our target price, set at a 5-per-cent discount to NAV remains $47. Though fundamentals are likely to remain somewhat soft in the near term, with the unit price down 13.7 per cent over the past three months, we believe that the current valuation is highly attractive. CAP REIT's units currently trade at a 23.9-per-cent discount to our NAV estimate, or an implied cap rate of 5.7 per cent. On a cash flow multiple basis, CAP REIT is trading at 14.6 times our 2026E AFFO estimate, compared to the weighted average of 16.8 times for its Canadian residential REIT peers." The Globe reported on Sept. 19 that Desjardins Securities rated CAP REIT "buy." It was then worth $41.25.