Automotive Properties Real Est Invt TR (TSE:APR.UN - Free Report) had its target price lifted by TD Securities from C$12.00 to C$13.00 in a report released on Friday,BayStreet.CA reports. They currently have a hold rating on the stock.
A number of other brokerages also recently commented on APR.UN. Royal Bank of Canada boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Canaccord Genuity Group boosted their price target on 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. Raymond James raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Finally, BMO Capital Markets lifted their target price 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$12.94.
View Our Latest Report on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Stock Down 1.4 %
Shares of TSE:APR.UN traded down C$0.17 during trading on Friday, reaching C$12.15. 22,036 shares of the company traded hands, compared to its average volume of 24,208. The firm has a fifty day simple moving average of C$12.30 and a 200 day simple moving average of C$10.97. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. 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 cap of C$595.96 million, a P/E ratio of 7.99 and a beta of 0.92.
About Automotive Properties Real Est Invt TR
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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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