Automotive Properties Real Est Invt TR (TSE:APR.UN) PT Lowered to C$10.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price cut by TD Securities from C$13.50 to C$10.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have a buy rating on the stock.

APR.UN has been the topic of several other research reports. Scotiabank cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$9.00 in a research report on Wednesday. CIBC cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$11.75 in a research report on Wednesday. Royal Bank of Canada cut their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$11.00 and set a sector perform rating on the stock in a research report on Wednesday. BMO Capital Markets boosted their target price on Automotive Properties Real Est Invt TR from C$12.25 to C$13.00 in a research report on Tuesday, February 11th. Finally, National Bank Financial boosted their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an outperform rating in a research report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of C$10.63.

Shares of TSE APR.UN traded up C$1.68 during trading hours on Wednesday, hitting C$7.50. 433,337 shares of the company traded hands, compared to its average volume of 25,437. The stock has a market capitalization of $280.09 million and a price-to-earnings ratio of 42.37. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of 142.91. The company’s 50 day moving average price is C$10.85 and its 200 day moving average price is C$11.57. Automotive Properties Real Est Invt TR has a 12 month low of C$6.00 and a 12 month high of C$12.89.

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 Qu├ębec.

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Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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