BMO Capital Markets Raises Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by research analysts at BMO Capital Markets from C$12.00 to C$12.50 in a report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ target price points to a potential upside of 2.04% from the company’s current price.

A number of other research analysts have also recently commented on APR.UN. Raymond James upped their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Canaccord Genuity Group upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Royal Bank of Canada upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Finally, TD Securities raised their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$12.79.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN stock traded down C$0.13 on Monday, hitting C$12.25. The company had a trading volume of 14,247 shares, compared to its average volume of 24,531. The firm has a market cap of C$600.86 million, a P/E ratio of 8.09 and a beta of 0.92. The company has a 50-day moving average price of C$12.01 and a 200-day moving average price of C$10.75. 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 twelve month low of C$9.69 and a twelve month high of C$12.78.

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.