Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 52-Week High After Analyst Upgrade

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares hit a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$11.00 to C$12.00. TD Securities currently has a hold rating on the stock. Automotive Properties Real Est Invt TR traded as high as C$11.50 and last traded at C$11.50, with a volume of 19379 shares changing hands. The stock had previously closed at C$11.26.

Other analysts also recently issued reports about the company. Canaccord Genuity Group raised 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 research report on Tuesday, July 30th. BMO Capital Markets lifted 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, Royal Bank of Canada upped their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.43.

Automotive Properties Real Est Invt TR Trading Up 1.6 %

The company has a 50-day moving average price of C$10.48 and a 200-day moving average price of C$10.25. The firm has a market capitalization of C$578.79 million, a price-to-earnings ratio of 7.76 and a beta of 0.91. 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 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.