Automotive Properties Real Est Invt TR (TSE:APR.UN) PT Raised to C$12.50 at BMO Capital Markets

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by equities research analysts at BMO Capital Markets from C$12.00 to C$12.50 in a research note issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 1.71% from the stock’s current price.

A number of other equities analysts have also commented on the company. Canaccord Genuity Group boosted their price objective 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. Raymond James upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. TD Securities raised their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Finally, Royal Bank of Canada boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.79.

Automotive Properties Real Est Invt TR Stock Up 0.2 %

Shares of TSE:APR.UN opened at C$12.29 on Monday. The company’s fifty day moving average is C$12.08 and its 200-day moving average is C$10.78. 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 52 week low of C$9.69 and a 52 week high of C$12.78. The company has a market capitalization of C$602.82 million, a PE ratio of 8.09 and a beta of 0.92.

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.