Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Rating of “Moderate Buy” by Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$12.53.

APR.UN has been the subject of a number of analyst reports. National Bankshares decreased their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. TD Securities decreased their target price on 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 report on Friday, March 7th. Raymond James cut their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Canaccord Genuity Group decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Thursday, March 6th. Finally, Desjardins cut their target price 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.

Automotive Properties Real Est Invt TR Price Performance

APR.UN opened at C$10.33 on Monday. The company has a fifty day moving average price of C$10.38 and a two-hundred day moving average price of C$11.24. The firm has a market capitalization of C$506.69 million, a PE ratio of 6.80 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

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.