Automotive Properties Real Est Invt TR (TSE:APR.UN - Free Report) had its target price hoisted by BMO Capital Markets from C$12.00 to C$12.50 in a research note issued to investors on Monday, BayStreet.CA reports.
A number of other analysts have also recently commented on the company. 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 report on Monday, August 19th. Canaccord Genuity Group raised their price target on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a "buy" rating in a report on Monday, September 16th. TD Securities raised their price target on 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. Finally, Raymond James raised their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Automotive Properties Real Est Invt TR has an average rating of "Moderate Buy" and an average price target of C$12.79.
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Automotive Properties Real Est Invt TR Stock Down 1.0 %
Automotive Properties Real Est Invt TR stock traded down C$0.12 during midday trading on Monday, reaching C$12.26. The company's stock had a trading volume of 18,768 shares, compared to its average volume of 24,553. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. 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 company has a market cap of C$601.35 million, a P/E ratio of 8.06 and a beta of 0.92. The business has a 50-day simple moving average of C$12.01 and a 200-day simple moving average of C$10.75.
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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