Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Cut to C$13.00 by Analysts at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price decreased by Canaccord Genuity Group from C$13.50 to C$13.00 in a research note issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price would indicate a potential upside of 29.48% from the stock’s previous close.

APR.UN has been the topic of a number of other research reports. CIBC boosted their price objective on shares of 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 stock an “outperform” rating in a research report on Friday, December 20th. TD Securities lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Raymond James dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. Finally, Scotiabank increased their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Automotive Properties Real Est Invt TR has an average rating of “Moderate Buy” and a consensus price target of C$12.98.

Automotive Properties Real Est Invt TR Price Performance

TSE:APR.UN traded down C$0.25 during mid-day trading on Thursday, hitting C$10.04. 22,101 shares of the stock traded hands, compared to its average volume of 25,546. The business’s 50-day moving average price is C$10.55 and its 200 day moving average price is C$11.37. The company has a market cap of C$492.46 million, a PE ratio of 6.61 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. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month 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.