Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) PT at C$12.71

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average recommendation of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$12.71.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Raymond James increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. TD Securities upped their target price on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th. BMO Capital Markets boosted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Finally, Royal Bank of Canada lifted their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN opened at C$12.35 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. The firm has a market cap of C$605.77 million, a P/E ratio of 8.13 and a beta of 0.90. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.59. The business’s 50 day moving average is C$11.27 and its 200-day moving average is C$10.47.

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.