Raymond James Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.75

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target dropped by investment analysts at Raymond James from C$13.75 to C$12.75 in a research note issued on Monday,BayStreet.CA reports. Raymond James’ price objective suggests a potential upside of 19.61% from the stock’s previous close.

APR.UN has been the subject of several other research reports. National Bankshares set a C$13.00 target price on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research report on Friday, December 20th. Canaccord Genuity Group boosted 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 research report on Monday, September 16th. TD Securities boosted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Scotiabank boosted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Finally, CIBC boosted 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Moderate Buy” and an average target price of C$12.93.

Automotive Properties Real Est Invt TR Trading Up 1.8 %

APR.UN traded up C$0.19 on Monday, hitting C$10.66. The company had a trading volume of 42,367 shares, compared to its average volume of 29,266. The company has a market cap of C$522.87 million, a PE ratio of 7.01 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month 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 business’s fifty day simple moving average is C$11.32 and its 200 day simple moving average is C$11.29.

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.