Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Increased to C$13.00 by Analysts at Raymond James

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target upped by equities researchers at Raymond James from C$12.00 to C$13.00 in a report released on Friday, BayStreet.CA reports. Raymond James’ price target would indicate a potential upside of 10.45% from the company’s current price.

Several other research analysts have also weighed in on APR.UN. TD Securities increased their target price on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Wednesday. BMO Capital Markets raised their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Canaccord Genuity Group boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada increased their target price 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. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.57.

Automotive Properties Real Est Invt TR Trading Down 0.3 %

TSE:APR.UN traded down C$0.03 during trading hours on Friday, reaching C$11.77. 17,602 shares of the company were exchanged, compared to its average volume of 23,833. The firm has a market cap of C$577.32 million, a price-to-earnings ratio of 7.74 and a beta of 0.91. The stock has a 50 day simple moving average of C$10.48 and a 200 day simple moving average of C$10.25. Automotive Properties Real Est Invt TR has a 52-week low of C$9.69 and a 52-week high of C$11.83. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.