Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target at C$12.97

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$12.61.

APR.UN has been the subject of a number of research analyst reports. CIBC reduced their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th. Raymond James dropped their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research report on Friday, March 7th. Desjardins dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares dropped their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, TD Securities dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research report on Friday, March 7th.

Automotive Properties Real Est Invt TR Trading Down 0.1 %

Shares of TSE:APR.UN opened at C$10.05 on Thursday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.78. The stock has a market cap of C$492.95 million, a PE ratio of 6.61 and a beta of 0.92. The business has a 50 day moving average of C$10.46 and a 200-day moving average of C$11.34. 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 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.