Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Automotive Properties Real Estate Investment Trust (TSE:APR.UN) has received a consensus rating of "Moderate Buy" from seven brokerages, with two holding and five buying ratings.
• TD Securities recently raised their price objective for the stock from C$11.00 to C$12.00, maintaining a hold rating in their latest research note.
• The stock currently trades at C$11.54, showing a 1-year range between C$9.04 and C$12.78, with a market capitalization of C$566.04 million.

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have received an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$12.40.

Separately, TD Securities increased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a "hold" rating in a research note on Friday.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN stock traded up C$0.27 on Friday, hitting C$11.54. The company's stock had a trading volume of 34,412 shares, compared to its average volume of 22,716. The firm has a 50 day moving average of C$11.34 and a two-hundred day moving average of C$10.68. 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 stock has a market cap of C$566.04 million, a price-to-earnings ratio of 7.59 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 Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.