Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.29 Average Price Target from Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is C$12.29.

A number of equities analysts have weighed in on APR.UN shares. Raymond James decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th. Royal Bank of Canada decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a research report on Friday, May 17th. Finally, Canaccord Genuity Group upped their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a “buy” rating in a research report on Tuesday, July 30th.

Automotive Properties Real Est Invt TR Stock Up 0.2 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$10.61 on Tuesday. The company has a fifty day moving average price of C$10.05 and a 200 day moving average price of C$10.21. The company has a current ratio of 0.78, a quick ratio of 0.02 and a debt-to-equity ratio of 117.71. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$11.95. The stock has a market cap of C$421.54 million, a price-to-earnings ratio of 7.69 and a beta of 0.88.

About Automotive Properties Real Est Invt TR

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.