Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$12.50 at CIBC

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target decreased by equities research analysts at CIBC from C$13.00 to C$12.50 in a research note issued on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. CIBC’s target price indicates a potential upside of 23.15% from the stock’s previous close.

Several other brokerages have also weighed in on APR.UN. Scotiabank upped their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. National Bankshares set a C$13.00 target price on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research report on Friday, December 20th. Raymond James dropped their target price on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. TD Securities dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Canaccord Genuity Group dropped their target price on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$10.15 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 1 year low of C$9.69 and a 1 year high of C$12.78. The stock has a 50-day moving average price of C$10.52 and a 200 day moving average price of C$11.36. The company has a market cap of C$497.86 million, a P/E ratio of 6.68 and a beta of 0.92.

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.