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

Key Points

• Automotive Properties Real Estate Investment Trust (TSE:APR.UN) has received a consensus rating of "Moderate Buy" from analysts, with two analysts recommending a hold and four assigning buy ratings.
• The average 12-month price target for APR.UN among brokerage reports is C$12.38, with recent upgrades from Desjardins and TD Securities boosting their target prices.
• The company's shares are currently trading at C$11.48, reflecting a market capitalization of C$563.86 million, and they have experienced a 52-week price range between C$9.04 and C$12.78.

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$12.38.

APR.UN has been the subject of a number of recent research reports. Desjardins boosted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a "buy" rating in a research report on Monday, August 18th. TD Securities boosted their target price on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a "hold" rating in a research report on Friday, August 15th.

Automotive Properties Real Est Invt TR Trading Up 0.9%

Shares of APR.UN opened at C$11.48 on Friday. The company has a market cap of C$563.86 million, a price-to-earnings ratio of 16.36 and a beta of 0.07. Automotive Properties Real Est Invt TR has a 52-week low of C$9.04 and a 52-week high of C$12.78. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The stock has a fifty day moving average price of C$11.50 and a two-hundred day moving average price of C$11.00.

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.

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