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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective increased by BMO Capital Markets from C$12.00 to C$12.50 in a research note released on Monday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on APR.UN. Canaccord Genuity Group increased their target price 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 report on Monday, September 16th. TD Securities increased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Royal Bank of Canada lifted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Finally, Raymond James upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$12.79.

Automotive Properties Real Est Invt TR Stock Performance

Shares of Automotive Properties Real Est Invt TR stock opened at C$12.06 on Monday. 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 1 year low of C$9.69 and a 1 year high of C$12.78. The firm’s 50-day simple moving average is C$12.13 and its 200-day simple moving average is C$10.81. The firm has a market cap of C$591.54 million, a PE ratio of 7.93 and a beta of 0.92.

About Automotive Properties Real Est Invt TR

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.