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 cut by National Bankshares from C$12.75 to C$12.00 in a report published on Friday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently commented on APR.UN. CIBC reduced 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. Canaccord Genuity Group reduced 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 report on Thursday. Desjardins reduced their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday. Raymond James reduced their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research report on Friday. Finally, Scotiabank upped their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

Automotive Properties Real Est Invt TR stock opened at C$10.15 on Friday. The stock 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 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 has a one year low of C$9.69 and a one year high of C$12.78. The stock has a fifty day moving average of C$10.52 and a 200 day moving average of C$11.35.

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.