Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price at C$12.71

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned an average recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.79.

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

Automotive Properties Real Est Invt TR Trading Down 1.0 %

APR.UN opened at C$12.26 on Thursday. The stock has a market capitalization of C$601.35 million, a PE ratio of 8.07 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$12.78. The business’s 50 day moving average price is C$12.05 and its 200 day moving average price is C$10.77.

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.