Raymond James Has Lowered Expectations 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 reduced by equities researchers at Raymond James from C$13.75 to C$12.75 in a report issued on Monday,BayStreet.CA reports. Raymond James’ price objective indicates a potential upside of 20.51% from the stock’s previous close.

Other analysts have also recently issued reports about the company. BMO Capital Markets boosted their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Canaccord Genuity Group boosted 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 research note on Monday, September 16th. Scotiabank increased 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 lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Finally, CIBC increased their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$12.93.

Automotive Properties Real Est Invt TR Trading Down 0.8 %

APR.UN stock opened at C$10.58 on Monday. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$12.78. The company has a market cap of C$518.95 million, a P/E ratio of 6.96 and a beta of 0.92. The business has a fifty day moving average of C$11.26 and a 200-day moving average of C$11.30.

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.