Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.71 Consensus PT from Brokerages

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have received a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$12.79.

APR.UN has been the subject of several research reports. Canaccord Genuity Group increased their price objective on 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. TD Securities increased their price objective on 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. BMO Capital Markets increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday. Raymond James increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Finally, Royal Bank of Canada increased their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN stock opened at C$12.22 on Thursday. The firm has a market cap of C$599.39 million, a PE ratio of 8.04 and a beta of 0.92. 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 business has a 50 day moving average of C$12.11 and a 200-day moving average of C$10.80. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.78.

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.