CIBC Issues Pessimistic Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price decreased by investment analysts at CIBC from C$13.00 to C$12.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s price target suggests a potential upside of 23.15% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Scotiabank boosted their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday, December 20th. Canaccord Genuity Group lowered their price objective on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research note on Thursday. TD Securities lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday. Finally, Raymond James decreased their price target on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.61.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN opened at C$10.15 on Friday. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a market capitalization of C$497.86 million, a price-to-earnings ratio of 6.68 and a beta of 0.92. The business has a 50 day simple moving average of C$10.52 and a 200-day simple moving average of C$11.36.

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.