Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target at C$12.94

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been given a consensus recommendation of “Moderate Buy” by the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$12.95.

Several research analysts have recently commented on APR.UN shares. Canaccord Genuity Group raised their price target 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 report on Monday, September 16th. TD Securities raised their target price on 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. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday. CIBC raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Finally, Raymond James upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th.

Automotive Properties Real Est Invt TR Stock Performance

Automotive Properties Real Est Invt TR stock opened at C$11.01 on Friday. The company’s 50-day moving average is C$11.80 and its 200 day moving average is C$11.20. 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$540.04 million, a P/E ratio of 7.24 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.78.

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.