Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of "Moderate Buy" from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$12.95.

A number of equities research analysts recently weighed in on APR.UN shares. Scotiabank upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Canaccord Genuity Group raised their target price on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a "buy" rating in a report on Monday, September 16th. CIBC lifted their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. National Bankshares set a C$13.00 price target on Automotive Properties Real Est Invt TR and gave the company an "outperform" rating in a research report on Friday. Finally, BMO Capital Markets lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th.

Automotive Properties Real Est Invt TR Stock Up 2.5 %

APR.UN traded up C$0.27 during midday trading on Friday, hitting C$11.01. The company had a trading volume of 11,830 shares, compared to its average volume of 24,081. The stock's 50 day moving average price is C$11.80 and its 200 day moving average price is C$11.18. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78. The company has a market capitalization of C$540.04 million, a price-to-earnings ratio of 7.24 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

About Automotive Properties Real Est Invt TR

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.