TD Securities Has Lowered Expectations for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective decreased by TD Securities from C$13.00 to C$12.00 in a research note issued to investors on Friday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

APR.UN has been the subject of several other research reports. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. Scotiabank lifted 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. 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. 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. Finally, CIBC boosted their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$12.61.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN opened at C$10.15 on Friday. The stock has a market cap of C$497.86 million, a PE ratio of 6.68 and a beta of 0.92. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week 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 stock has a fifty day moving average of C$10.52 and a 200-day moving average of C$11.36.

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.