Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.93 Consensus PT from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been given a consensus recommendation of “Moderate Buy” by the six ratings firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$12.93.

APR.UN has been the topic of a number of recent research reports. TD Securities raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. National Bankshares set a C$13.00 price target on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research report on Friday, December 20th. Raymond James reduced their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday. Scotiabank increased their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th.

Automotive Properties Real Est Invt TR Stock Up 0.2 %

TSE:APR.UN opened at C$10.64 on Tuesday. The stock has a 50-day simple moving average of C$11.24 and a 200 day simple moving average of C$11.31. 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 company has a market capitalization of C$521.89 million, a price-to-earnings ratio of 7.00 and a beta of 0.92. 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.