TD Securities Issues Positive Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target hoisted by TD Securities from C$11.00 to C$12.00 in a research report sent to investors on Friday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Automotive Properties Real Est Invt TR Stock Up 2.4%

TSE:APR.UN opened at C$11.54 on Friday. The firm has a market capitalization of C$566.04 million, a PE ratio of 7.59 and a beta of 0.92. The stock has a 50 day moving average of C$11.35 and a 200-day moving average of C$10.69. Automotive Properties Real Est Invt TR has a 52 week low of C$9.04 and a 52 week high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

About Automotive Properties Real Est Invt TR

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.