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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target hoisted by Scotiabank from C$12.50 to C$13.00 in a report issued on Wednesday,BayStreet.CA reports.

Several other research analysts have also weighed in on APR.UN. Raymond James increased 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. CIBC raised their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. BMO Capital Markets boosted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. TD Securities raised 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, November 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.94.

Automotive Properties Real Est Invt TR Price Performance

APR.UN opened at C$11.54 on Wednesday. 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 company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The company’s 50 day simple moving average is C$12.24 and its 200 day simple moving average is C$11.04. The stock has a market capitalization of C$566.04 million, a PE ratio of 7.59 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.