Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.40 Average Price Target from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight research firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is C$12.40.

APR.UN has been the topic of a number of research reports. National Bankshares downgraded shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and cut their target price for the company from C$12.00 to C$10.75 in a research report on Monday, April 14th. Raymond James cut their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an "outperform" rating on the stock in a report on Friday, March 7th. CIBC lowered their target price on shares of 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. Desjardins lowered their target price 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 report on Friday, March 7th. Finally, TD Securities lowered their target price 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 report on Friday, March 7th.

Automotive Properties Real Est Invt TR Price Performance

TSE APR.UN traded up C$0.02 on Friday, hitting C$10.30. 6,612 shares of the company were exchanged, compared to its average volume of 29,031. The firm has a 50 day moving average of C$10.11 and a two-hundred day moving average of C$10.86. The company has a market cap of C$505.22 million, a P/E ratio of 6.78 and a beta of 0.92. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 1-year low of C$9.04 and a 1-year high of C$12.78.

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.