Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.93 Average Price Target from Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$12.93.

A number of equities research analysts have commented on APR.UN shares. BMO Capital Markets upped their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a report on Friday, December 20th. CIBC increased their price objective 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. TD Securities boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a report on Friday, November 15th. Finally, Scotiabank increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$10.53 on Tuesday. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.78. The stock has a market cap of C$516.50 million, a PE ratio of 6.93 and a beta of 0.92. The firm has a 50-day simple moving average of C$11.18 and a two-hundred day simple moving average of C$11.31. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.