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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective decreased by CIBC from C$13.00 to C$12.50 in a research note published on Friday,BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

Several other brokerages also recently issued reports on APR.UN. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research report on Friday, December 20th. Scotiabank upped their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. TD Securities lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday. Canaccord Genuity Group lowered their target price on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Raymond James lowered their target price on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research note on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Moderate Buy” and an average target price of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

Shares of APR.UN stock opened at C$10.15 on Friday. The stock has a market cap of C$497.86 million, a P/E ratio of 6.68 and a beta of 0.92. 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 fifty day moving average price of C$10.52 and a 200 day moving average price of C$11.36. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.