Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.50 at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price hoisted by Canaccord Genuity Group from C$12.60 to C$13.50 in a research note published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Raymond James boosted their price target 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. TD Securities upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a hold rating in a research report on Wednesday, September 4th. Finally, BMO Capital Markets lifted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Automotive Properties Real Est Invt TR currently has a consensus rating of Moderate Buy and an average price target of C$12.71.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE APR.UN opened at C$12.48 on Monday. The stock’s 50-day moving average is C$10.77 and its 200 day moving average is C$10.32. The stock has a market cap of C$612.14 million, a price-to-earnings ratio of 8.21 and a beta of 0.90. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.59. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

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.