Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Analysts consensus: "Moderate Buy" — Eight firms cover APR.UN (four hold, four buy) with an average 12‑month target of C$12.69, and several brokers (RBC, Raymond James, Canaccord, BMO) recently raised ratings/targets to as high as C$13.50.
• APR.UN opened at C$11.58 (52‑week range C$10.00–C$11.91) with a market cap of C$638.6M and P/E ~14.1; the REIT reported C$0.27 quarterly EPS and a 76.2% net margin but shows high leverage (debt/equity 78.62) and a very low quick ratio (0.02).

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$12.69.

A number of research firms have weighed in on APR.UN. Raymond James Financial boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a "sector perform" rating to an "outperform" rating and boosted their target price for the stock from C$12.50 to C$13.00 in a report on Friday, March 6th. Canaccord Genuity Group boosted their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a "buy" rating in a report on Friday, March 6th. Finally, BMO Capital Markets boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a report on Friday, March 6th.

Automotive Properties Real Est Invt TR Trading Up 0.3%

APR.UN opened at C$11.58 on Friday. Automotive Properties Real Est Invt TR has a fifty-two week low of C$10.00 and a fifty-two week high of C$11.91. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market capitalization of C$638.58 million, a price-to-earnings ratio of 14.09 and a beta of 0.66. The company's 50 day moving average price is C$11.49 and its two-hundred day moving average price is C$11.21.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. As a group, research analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

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. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio to maximize Unitholder value.

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