Automotive Properties Real Est Invt TR (TSE:APR.UN) Lowered to Sector Perform Rating by National Bankshares

National Bankshares lowered shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) from an outperform rating to a sector perform rating in a report released on Monday,BayStreet.CA reports. They currently have C$10.75 price target on the stock, down from their prior price target of C$12.00.

A number of other brokerages have also commented on APR.UN. CIBC reduced their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. TD Securities lowered 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 report on Friday, March 7th. 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 research report on Friday, March 7th. Raymond James dropped their price objective 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 note on Friday, March 7th. Finally, Canaccord Genuity Group reduced 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 research note on Thursday, March 6th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.40.

Automotive Properties Real Est Invt TR Stock Down 0.5 %

Shares of TSE:APR.UN opened at C$9.70 on Monday. The business has a 50 day simple moving average of C$10.16 and a two-hundred day simple moving average of C$11.02. Automotive Properties Real Est Invt TR has a 1 year low of C$9.04 and a 1 year high of C$12.78. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market capitalization of C$475.79 million, a PE ratio of 6.38 and a beta of 0.92.

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.