Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Cut to C$13.00 by Analysts at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target cut by Canaccord Genuity Group from C$13.50 to C$13.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. CIBC lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. TD Securities boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research report on Friday, November 15th. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. Raymond James lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. Finally, Scotiabank lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$12.98.

Automotive Properties Real Est Invt TR Trading Down 2.8 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$10.00 on Thursday. The firm has a market capitalization of C$490.50 million, a PE ratio of 6.58 and a beta of 0.92. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The firm’s 50 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.

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.