Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.53 Consensus Target Price from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given an average recommendation of “Moderate Buy” by the eight ratings firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$12.53.

APR.UN has been the subject of several research analyst reports. TD Securities dropped 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, March 7th. National Bankshares dropped their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. CIBC decreased their price objective on shares of 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 report on Friday, March 7th. Raymond James lowered their price objective on shares of 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 note on Friday, March 7th. Finally, Canaccord Genuity Group cut their target price on shares of 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 report on Thursday, March 6th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN opened at C$10.17 on Monday. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$12.78. The firm has a market capitalization of C$498.84 million, a P/E ratio of 6.69 and a beta of 0.92. The company’s fifty day moving average is C$10.35 and its two-hundred day moving average is C$11.20.

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.