Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as C$12.78 and last traded at C$12.78, with a volume of 6388 shares trading hands. The stock had previously closed at C$12.73.
Wall Street Analyst Weigh In
APR.UN has been the subject of a number of research reports. TD Securities lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a "hold" rating in a report on Wednesday, September 4th. Canaccord Genuity Group lifted their price target 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 report on Monday, September 16th. BMO Capital Markets increased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Royal Bank of Canada lifted 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. Finally, Raymond James upped their price target 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$12.71.
Read Our Latest Stock Analysis on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Stock Down 0.5 %
The business's 50 day simple moving average is C$11.93 and its 200 day simple moving average is C$10.72. The company has a market capitalization of C$621.46 million, a PE ratio of 8.34 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
(
Get Free Report)
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.
Further Reading
Before you consider Automotive Properties Real Est Invt TR, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Automotive Properties Real Est Invt TR wasn't on the list.
While Automotive Properties Real Est Invt TR currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
