Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned a consensus rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$12.79.

A number of research analysts recently weighed in on the company. Canaccord Genuity Group upped their price target on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. 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. TD Securities upped their price target 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 note on Wednesday, September 4th. BMO Capital Markets upped their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday. Finally, Royal Bank of Canada upped their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th.

Automotive Properties Real Est Invt TR Stock Down 0.6 %

APR.UN stock opened at C$12.22 on Thursday. The stock’s 50 day simple moving average is C$12.11 and its 200 day simple moving average is C$10.80. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The company has a market cap of C$599.39 million, a P/E ratio of 8.04 and a beta of 0.92.

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.