TD Securities Raises Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective raised by TD Securities from C$11.00 to C$12.00 in a report issued on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

A number of other research analysts also recently issued reports on APR.UN. Royal Bank of Canada raised their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. BMO Capital Markets raised their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group upped their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a buy rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of Moderate Buy and an average target price of C$12.57.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN opened at C$11.78 on Wednesday. The stock has a market capitalization of C$577.81 million, a PE ratio of 7.75 and a beta of 0.91. The business’s fifty day moving average price is C$10.52 and its 200 day moving average price is C$10.25. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$11.83.

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.