Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) PT at C$12.50

Key Points

• Automotive Properties Real Estate Investment Trust (TSE:APR.UN) has received a consensus rating of "Moderate Buy" from seven analysts, with five recommending a buy and two recommending a hold.
• The average price target for the stock among analysts is C$12.50, with some analysts, like Desjardins and TD Securities, raising their target prices to C$13.00 and C$12.00 respectively.
• As of Tuesday, the stock opened at C$11.59, reflecting a 1.1% decrease, and has a market capitalization of C$569.27 million.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and five have given 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$12.50.

Several research firms have recently weighed in on APR.UN. Desjardins raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research note on Monday, August 18th. TD Securities raised their price objective on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a "hold" rating in a research note on Friday, August 15th.

Automotive Properties Real Est Invt TR Price Performance

TSE:APR.UN traded up C$0.01 during mid-day trading on Tuesday, reaching C$11.53. 18,854 shares of the stock were exchanged, compared to its average volume of 22,194. The business has a fifty day moving average price of C$11.49 and a 200 day moving average price of C$10.86. The firm has a market capitalization of C$566.32 million, a PE ratio of 16.43 and a beta of 0.07. Automotive Properties Real Est Invt TR has a 1-year low of C$9.04 and a 1-year high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

About Automotive Properties Real Est Invt TR

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.