Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Increased to C$12.00 by Analysts at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by TD Securities from C$11.00 to C$12.00 in a research note published on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

APR.UN has been the subject of several other research reports. Canaccord Genuity Group lifted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a buy rating in a research report on Tuesday, July 30th. BMO Capital Markets lifted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th. Finally, Royal Bank of Canada lifted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of C$12.43.

Automotive Properties Real Est Invt TR Trading Up 3.1 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$11.61 on Wednesday. The firm has a market cap of C$569.47 million, a price-to-earnings ratio of 7.64 and a beta of 0.91. The business has a 50-day moving average price of C$10.44 and a 200-day moving average price of C$10.24. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$11.66.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.