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

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.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) had its price target increased by equities research analysts at TD Securities from C$11.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' target price indicates a potential upside of 4.71% from the company's current price.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN stock traded up C$0.19 during mid-day trading on Friday, reaching C$11.46. The stock had a trading volume of 25,118 shares, compared to its average volume of 22,656. The business's fifty day moving average is C$11.34 and its 200-day moving average is C$10.68. 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$562.11 million, a price-to-earnings ratio of 7.54 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 1-year low of C$9.04 and a 1-year high of C$12.78.

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.

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