Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.71 Consensus Price Target from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$12.71.

Several equities research analysts have recently commented on APR.UN shares. BMO Capital Markets boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th. Raymond James increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Royal Bank of Canada lifted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Canaccord Genuity Group increased their price target 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. Finally, TD Securities lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Wednesday, September 4th.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$12.29 on Friday. The business’s fifty day moving average is C$11.36 and its 200 day moving average is C$10.50. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.59. 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 stock has a market cap of C$602.82 million, a P/E ratio of 8.09 and a beta of 0.90.

About Automotive Properties Real Est Invt TR

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.