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

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) has earned an average rating of "Moderate Buy" from the seven ratings firms that are presently covering the company, MarketBeat.com 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 target price among brokers that have issued a report on the stock in the last year is C$12.40.

A number of research firms have issued reports on APR.UN. Canaccord Genuity Group decreased their price target on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a "buy" rating for the company in a report on Thursday, March 6th. TD Securities lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating on the stock in a report on Friday, March 7th. Raymond James cut their price target 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 report on Friday, March 7th. Desjardins dropped their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Finally, CIBC cut their target price on shares of 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.

Automotive Properties Real Est Invt TR Stock Up 0.2%

Shares of TSE:APR.UN traded up C$0.02 on Tuesday, reaching C$10.83. The company had a trading volume of 7,850 shares, compared to its average volume of 27,437. The stock has a market capitalization of C$531.21 million, a P/E ratio of 7.13 and a beta of 0.92. The stock has a 50-day moving average price of C$10.24 and a 200 day moving average price of C$10.62. 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 quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.