Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.97 Average Price Target from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$12.61.

Several equities analysts have recently weighed in on the company. TD Securities cut their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday. CIBC cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research note on Friday. Desjardins lowered their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday. Raymond James lowered their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday. Finally, Scotiabank boosted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

APR.UN opened at C$10.15 on Thursday. The company’s 50-day moving average is C$10.52 and its 200 day moving average is C$11.36. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market capitalization of C$497.86 million, a P/E ratio of 6.68 and a beta of 0.92. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78.

Automotive Properties Real Est Invt TR Company Profile

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.