Royal Bank Of Canada Raises Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$13.50

Key Points

• Royal Bank of Canada raised Automotive Properties REIT’s price target from C$13.00 to C$13.50 and maintained an “outperform” rating, implying 11.29% upside from the current price.
• TD also increased its target to C$13.00 but kept a “hold” rating. Overall, analysts rate the stock “Moderate Buy,” with four Buy and four Hold recommendations and an average target of C$12.88.
• APR.UN shares rose 0.2% to C$12.13 in Tuesday trading. The REIT reported quarterly EPS of C$0.27 on revenue of C$30.21 million and owns 91 automotive dealership and service properties across Canada and the United States.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) had its price target increased by Royal Bank Of Canada from C$13.00 to C$13.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. Royal Bank Of Canada's price target points to a potential upside of 11.29% from the company's current price.

Separately, TD raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a "hold" rating in a research report on Friday, May 15th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat, Automotive Properties Real Est Invt TR currently has an average rating of "Moderate Buy" and an average price target of C$12.88.

Automotive Properties Real Est Invt TR Trading Up 0.2%

Shares of APR.UN stock traded up C$0.03 during mid-day trading on Tuesday, hitting C$12.13. 18,556 shares of the company's stock were exchanged, compared to its average volume of 38,146. The stock has a market cap of C$658.79 million, a price-to-earnings ratio of 10.69 and a beta of 0.78. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a fifty-two week low of C$10.68 and a fifty-two week high of C$12.49. The stock has a 50-day simple moving average of C$12.16 and a two-hundred day simple moving average of C$11.79.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last released its earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share for the quarter. The firm had revenue of C$30.21 million for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. Equities analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal 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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