Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.53 Consensus PT from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$12.53.

Several brokerages have recently issued reports on APR.UN. National Bankshares reduced their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Raymond James decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research note on Friday, March 7th. TD Securities cut their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday, March 7th. Desjardins lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, CIBC reduced their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Friday, March 7th.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$10.00 on Monday. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company’s fifty day moving average price is C$10.33 and its 200-day moving average price is C$11.18. 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 firm has a market capitalization of C$490.50 million, a PE ratio of 6.58 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.