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Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$12.00 Price Target at TD Securities

Automotive Properties Real Est Invt TR logo with Real Estate background

Key Points

  • TD Securities has raised the price target of Automotive Properties Real Estate Investment Trust (TSE:APR.UN) from C$11.00 to C$12.00, indicating a potential upside of 4.71% from the current price.
  • As of mid-day trading, shares of APR.UN reached C$11.46, with a trading volume higher than its average.
  • The company focuses on investing in high-quality Canadian automotive properties, primarily tenanted by automotive dealership groups across multiple provinces.
  • Five stocks we like better than Automotive Properties Real Est Invt TR.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) had its price target increased by research analysts at TD Securities from C$11.00 to C$12.00 in a report released on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' target price would indicate a potential upside of 4.53% from the stock's current price.

Automotive Properties Real Est Invt TR Trading Down 1.7%

TSE APR.UN traded down C$0.20 during mid-day trading on Friday, reaching C$11.48. 14,993 shares of the stock were exchanged, compared to its average volume of 22,799. 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 business's fifty day simple moving average is C$11.37 and its 200 day simple moving average is C$10.71. The stock has a market capitalization of C$563.09 million, a PE 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.

About Automotive Properties Real Est Invt TR

(Get Free Report)

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.

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