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

Key Points

• Analysts rate Automotive Properties REIT “Moderate Buy,” with four buy ratings and four holds. The average one-year price target is C$12.88.
• Royal Bank of Canada raised its target to C$13.50 and maintained an “outperform” rating, while TD lifted its target to C$13.00 but kept a “hold” rating.
• The REIT reported quarterly EPS of C$0.27 on revenue of C$30.21 million. Its portfolio includes 91 income-producing automotive dealership and service properties totaling about 3.4 million square feet.

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eight ratings firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$12.88.

Several research firms recently commented on APR.UN. Royal Bank Of Canada raised their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an "outperform" rating in a research report on Tuesday, August 18th. TD raised their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a "hold" rating in a research report on Friday, May 15th.

Automotive Properties Real Est Invt TR Trading Down 0.2%

Shares of TSE:APR.UN opened at C$12.19 on Friday. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 12-month low of C$10.68 and a 12-month high of C$12.52. The business has a 50 day moving average of C$12.18 and a two-hundred day moving average of C$11.84. The company has a market capitalization of C$672.80 million, a PE ratio of 10.85 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 EPS for the quarter. The business had revenue of C$30.21 million 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, analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT's portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.

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