Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00 at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective increased by equities research analysts at TD Securities from C$12.00 to C$13.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ target price would indicate a potential upside of 7.00% from the company’s current price.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada increased their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. 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 stock a “buy” rating in a research report on Monday, September 16th. BMO Capital Markets increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Finally, Raymond James raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Moderate Buy” and a consensus price target of C$12.94.

Automotive Properties Real Est Invt TR Stock Down 1.4 %

Automotive Properties Real Est Invt TR stock opened at C$12.15 on Friday. The firm has a 50 day moving average price of C$12.30 and a 200-day moving average price of C$10.97. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$12.78. The company has a market capitalization of C$595.96 million, a P/E ratio of 7.99 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.