Analysts Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target at C$12.40

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$12.40.

Several analysts have recently commented on the company. Desjardins lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Canaccord Genuity Group lowered their price objective on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. CIBC lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an "outperform" rating for the company in a research note on Friday, March 7th. Raymond James lowered their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an "outperform" rating for the company in a research note on Friday, March 7th. Finally, TD Securities lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating for the company in a research note on Friday, March 7th.

Automotive Properties Real Est Invt TR Stock Down 1.6%

APR.UN stock traded down C$0.18 during trading on Friday, reaching C$11.05. 9,954 shares of the stock were exchanged, compared to its average volume of 25,821. The firm's 50 day moving average is C$10.49 and its 200 day moving average is C$10.55. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month 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. The firm has a market cap of C$542.00 million, a P/E ratio of 7.27 and a beta of 0.92.

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.