National Bankshares set a C$13.00 target price on Automotive Properties Real Est Invt TR (TSE:APR.UN - Free Report) in a research report released on Friday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Other equities research analysts have also issued research reports about the stock. BMO Capital Markets raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. TD Securities raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a "hold" rating in a research report on Friday, November 15th. Scotiabank lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Raymond James increased their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Finally, Canaccord Genuity Group lifted their price objective 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 research note on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$12.95.
Get Our Latest Stock Analysis on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Stock Performance
Shares of TSE:APR.UN traded up C$0.27 during trading on Friday, reaching C$11.01. 11,830 shares of the company's stock traded hands, compared to its average volume of 24,081. 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 has a 50 day moving average of C$11.83 and a 200-day moving average of C$11.19. Automotive Properties Real Est Invt TR has a 12 month low of C$9.69 and a 12 month high of C$12.78. The stock has a market capitalization of C$540.04 million, a P/E ratio of 7.24 and a beta of 0.92.
Automotive Properties Real Est Invt TR Company Profile
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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.
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