Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Expected to Rise, TD Securities Analyst Says

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target increased by equities research analysts at TD Securities from C$12.00 to C$13.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price points to a potential upside of 7.00% from the company’s previous close.

APR.UN has been the topic of a number of other reports. Royal Bank of Canada upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Canaccord Genuity Group lifted their target price on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Raymond James increased their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 1.4 %

Automotive Properties Real Est Invt TR stock opened at C$12.15 on Friday. The company has a market cap of C$595.96 million, a price-to-earnings ratio of 7.99 and a beta of 0.92. The firm has a 50-day moving average of C$12.30 and a 200-day moving average of C$10.97. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$12.78.

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.