Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is C$12.95.

Several research firms recently weighed in on APR.UN. Scotiabank increased their target price 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. TD Securities increased their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Raymond James boosted their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Finally, National Bankshares set a C$13.00 target price on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a report on Friday, December 20th.

Automotive Properties Real Est Invt TR Trading Down 0.1 %

TSE:APR.UN opened at C$10.98 on Friday. The stock has a market cap of C$538.57 million, a price-to-earnings ratio of 7.22 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. Automotive Properties Real Est Invt TR has a 1 year low of C$9.69 and a 1 year high of C$12.78. The business has a fifty day moving average of C$11.67 and a 200-day moving average of C$11.21.

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.