Automotive Properties Real Est Invt TR (TSE:APR.UN) Rating Lowered to "Sector Perform" at National Bankshares

National Bankshares cut shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Free Report) from an outperform rating to a sector perform rating in a report issued on Monday,BayStreet.CA reports. The firm currently has C$10.75 target price on the stock, down from their previous target price of C$12.00.

Several other analysts have also recently commented on APR.UN. Raymond James reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an "outperform" rating for the company in a research note on Friday, March 7th. Desjardins cut their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "buy" rating on the stock in a report on Friday, March 7th. Canaccord Genuity Group reduced their target price 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 report on Thursday, March 6th. TD Securities decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Finally, CIBC lowered 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. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of C$12.40.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE APR.UN traded down C$0.05 during mid-day trading on Monday, hitting C$10.07. 11,199 shares of the company were exchanged, compared to its average volume of 30,161. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The firm has a market cap of C$493.93 million, a price-to-earnings ratio of 6.63 and a beta of 0.92. The stock has a 50 day simple moving average of C$10.13 and a 200-day simple moving average of C$10.97. Automotive Properties Real Est Invt TR has a 1-year low of C$9.04 and a 1-year high of C$12.78.

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.