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

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$12.40.

A number of equities analysts have recently commented on APR.UN shares. Raymond James cut their price objective on shares of 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 report on Friday, March 7th. Desjardins reduced their price target on shares of 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 report on Friday, March 7th. National Bankshares cut shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from C$12.00 to C$10.75 in a report on Monday, April 14th. 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 on the stock in a research report on Thursday, March 6th. Finally, TD Securities reduced their target price 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 report on Friday, March 7th.

Automotive Properties Real Est Invt TR Stock Up 1.5%

Automotive Properties Real Est Invt TR stock opened at C$10.81 on Tuesday. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company has a market capitalization of C$530.23 million, a P/E ratio of 7.11 and a beta of 0.92. The firm has a 50 day moving average price of C$10.19 and a 200-day moving average price of C$10.65. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$12.78.

About Automotive Properties Real Est Invt TR

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.

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