National Bankshares Issues Pessimistic Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lowered by analysts at National Bankshares from C$12.75 to C$12.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target suggests a potential upside of 18.23% from the company’s current price.

A number of other equities analysts also recently commented on APR.UN. Scotiabank lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. TD Securities decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a report on Friday. 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 for the company in a report on Friday. Raymond James decreased 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 for the company in a report on Friday. Finally, Desjardins decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Performance

Automotive Properties Real Est Invt TR stock opened at C$10.15 on Friday. The company has a market cap of C$497.86 million, a PE ratio of 6.68 and a beta of 0.92. The company has a fifty day moving average price of C$10.52 and a two-hundred day moving average price of C$11.36. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a 12 month low of C$9.69 and a 12 month 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.