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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective hoisted by CIBC from C$12.75 to C$13.00 in a research report report published on Friday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the stock. TD Securities increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a report on Friday. Raymond James boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Canaccord Genuity Group increased their price objective 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. Royal Bank of Canada boosted 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. Finally, BMO Capital Markets upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 1.4 %

APR.UN stock opened at C$12.15 on Friday. 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 stock has a market cap of C$595.96 million, a price-to-earnings ratio of 7.99 and a beta of 0.92. The company has a fifty day moving average price of C$12.30 and a two-hundred day moving average price of C$10.98. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.