Scotiabank Raises 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 price objective increased by equities researchers at Scotiabank from C$12.50 to C$13.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Scotiabank’s price objective would indicate a potential upside of 13.44% from the company’s current price.

Several other brokerages have also issued reports on APR.UN. TD Securities upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a report on Friday, November 15th. BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Royal Bank of Canada raised their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Canaccord Genuity Group boosted their price target on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Finally, Raymond James raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 0.8 %

Shares of TSE:APR.UN opened at C$11.46 on Wednesday. The stock’s 50-day simple moving average is C$12.29 and its two-hundred day simple moving average is C$11.02. The stock has a market capitalization of C$562.11 million, a price-to-earnings ratio of 7.54 and a beta of 0.92. 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 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 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.