Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price at C$12.29

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is C$12.29.

Several equities research analysts recently commented on the company. Raymond James reduced their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Canaccord Genuity Group lifted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, July 30th. Finally, Royal Bank of Canada reduced their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$11.50 and set a “sector perform” rating for the company in a report on Friday, May 17th.

Automotive Properties Real Est Invt TR Price Performance

TSE APR.UN opened at C$10.61 on Tuesday. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$11.95. The stock has a 50-day moving average of C$10.05 and a 200 day moving average of C$10.21. The company has a market capitalization of C$421.54 million, a price-to-earnings ratio of 7.69 and a beta of 0.88. The company has a debt-to-equity ratio of 117.71, a quick ratio of 0.02 and a current ratio of 0.78.

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.