Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$12.00 at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target reduced by equities research analysts at TD Securities from C$13.00 to C$12.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 17.99% from the company’s current price.

Several other research firms also recently weighed in on APR.UN. Raymond James dropped their target price on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. CIBC increased their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. Canaccord Genuity Group lowered their target price on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research note on Thursday. Scotiabank raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Finally, National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Trading Up 1.7 %

Automotive Properties Real Est Invt TR stock traded up C$0.17 during trading on Friday, hitting C$10.17. The company’s stock had a trading volume of 24,145 shares, compared to its average volume of 25,804. The stock has a market capitalization of C$498.84 million, a price-to-earnings ratio of 6.69 and a beta of 0.92. 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 stock’s fifty day moving average is C$10.53 and its 200 day moving average is C$11.36. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year 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.