Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) PT at C$12.94

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have received an average rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$12.95.

Several research analysts recently issued reports on the stock. Canaccord Genuity Group increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a report on Monday, September 16th. National Bankshares set a C$13.00 target price on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday. Raymond James lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. TD Securities increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Finally, CIBC boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th.

Automotive Properties Real Est Invt TR Stock Up 2.5 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$11.01 on Friday. The company has a market cap of C$540.04 million, a P/E ratio of 7.24 and a beta of 0.92. The firm has a fifty day moving average of C$11.80 and a two-hundred day moving average of C$11.20. 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.

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.