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 received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$12.40.

Separately, National Bankshares lowered Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and cut their price objective for the company from C$12.00 to C$10.75 in a research report on Monday, April 14th.

Automotive Properties Real Est Invt TR Trading Up 0.4%

Shares of APR.UN traded up C$0.05 during trading hours on Wednesday, hitting C$11.47. The stock had a trading volume of 9,505 shares, compared to its average volume of 24,475. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a market cap of C$562.60 million, a P/E ratio of 7.55 and a beta of 0.92. The company's fifty day simple moving average is C$10.97 and its 200 day simple moving average is C$10.57. Automotive Properties Real Est Invt TR has a 12-month low of C$9.04 and a 12-month 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.