Desjardins 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 dropped by equities research analysts at Desjardins from C$13.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price suggests a potential upside of 18.23% from the company’s previous close.

A number of other equities research analysts have also recently commented on APR.UN. Canaccord Genuity Group decreased their price objective on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. TD Securities reduced their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research report on Friday. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, CIBC cut their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research report on Friday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

TSE APR.UN opened at C$10.15 on Friday. The stock has a fifty day moving average of C$10.52 and a 200-day moving average of C$11.36. The stock has a market capitalization of C$497.86 million, a P/E ratio of 6.68 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.