Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$12.00 Price Target at National Bankshares

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target reduced by National Bankshares from C$12.75 to C$12.00 in a report published on Friday,BayStreet.CA reports. They currently have an outperform rating on the stock.

APR.UN has been the topic of several other reports. Raymond James dropped their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday. CIBC dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a report on Friday. Desjardins dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday. Canaccord Genuity Group dropped their target price on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a report on Thursday. Finally, TD Securities dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Trading Up 1.5 %

TSE APR.UN opened at C$10.15 on Friday. 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 firm has a market capitalization of C$497.86 million, a PE ratio of 6.68 and a beta of 0.92. The stock’s 50 day moving average is C$10.52 and its 200 day moving average is C$11.35.

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.