Canaccord Genuity Group Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$13.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price decreased by analysts at Canaccord Genuity Group from C$13.50 to C$13.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would suggest a potential upside of 28.08% from the company’s current price.

Several other brokerages have also commented on APR.UN. Raymond James decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a report on Friday, December 20th. CIBC boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. TD Securities raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. Finally, Scotiabank increased their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

TSE:APR.UN opened at C$10.15 on Thursday. 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 1-year low of C$9.69 and a 1-year high of C$12.78. The company has a 50-day moving average of C$10.52 and a 200 day moving average of C$11.35. The firm has a market cap of C$497.86 million, a PE ratio of 6.68 and a beta of 0.92.

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.