Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Recommendation of "Moderate Buy" from 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 a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$12.50.

APR.UN has been the subject of several recent research reports. Desjardins increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a "buy" rating in a research note on Monday. 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

Shares of TSE:APR.UN traded down C$0.20 during trading hours on Friday, hitting C$11.48. 14,993 shares of the company's stock traded hands, compared to its average volume of 22,799. The company's fifty day simple moving average is C$11.37 and its two-hundred day simple moving average is C$10.71. The company has a market cap of C$563.09 million, a price-to-earnings ratio of 7.55 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a 52 week low of C$9.04 and a 52 week high of C$12.78.

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.