Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average rating of “Moderate Buy” from the six research firms that are currently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$12.71.

Several research analysts have issued reports on APR.UN shares. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th. Royal Bank of Canada increased their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. TD Securities boosted their price objective on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th. Finally, Raymond James raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th.

Automotive Properties Real Est Invt TR Stock Down 0.1 %

TSE APR.UN opened at C$12.28 on Friday. Automotive Properties Real Est Invt TR has a 12 month low of C$9.69 and a 12 month high of C$12.59. The company has a market capitalization of C$602.33 million, a P/E ratio of 8.08 and a beta of 0.90. The company’s 50 day simple moving average is C$11.18 and its 200 day simple moving average is C$10.44. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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 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.