Automotive Properties Real Est Invt TR (TSE:APR.UN) Downgraded by National Bankshares to “Sector Perform”

Automotive Properties Real Est Invt TR (TSE:APR.UN) was downgraded by equities researchers at National Bankshares from an “outperform” rating to a “sector perform” rating in a report released on Monday,BayStreet.CA reports. They presently have a C$10.75 price target on the stock, down from their previous price target of C$12.00. National Bankshares’ target price indicates a potential upside of 8.37% from the stock’s current price.

APR.UN has been the topic of a number of other reports. Canaccord Genuity Group cut their price target on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. TD Securities cut their price target 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 report on Friday, March 7th. CIBC decreased their target price 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. Desjardins dropped their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Finally, Raymond James cut their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a report on Friday, March 7th. Three research analysts have rated the stock with a hold rating and five have issued 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 target price of C$12.40.

Automotive Properties Real Est Invt TR Stock Up 2.3 %

Shares of TSE APR.UN opened at C$9.92 on Monday. The stock has a 50-day moving average price of C$10.15 and a two-hundred day moving average price of C$11.01. The company has a market cap of C$486.58 million, a price-to-earnings ratio of 6.53 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

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.