Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$13.50 Price Target at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by Canaccord Genuity Group from C$12.60 to C$13.50 in a research report sent to investors on Monday, BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Other research analysts have also issued research reports about the company. Raymond James boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Royal Bank of Canada boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. BMO Capital Markets upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th. Finally, TD Securities lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a hold rating in a research report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of C$12.71.

Automotive Properties Real Est Invt TR Price Performance

TSE APR.UN opened at C$12.25 on Monday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.59. The firm’s 50 day moving average is C$10.90 and its 200-day moving average is C$10.36. The company has a market capitalization of C$600.86 million, a PE ratio of 8.06 and a beta of 0.90. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.