Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Increased to C$13.50 by Analysts at Canaccord Genuity Group

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price increased by Canaccord Genuity Group from C$12.60 to C$13.50 in a research report sent to investors on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently commented on the stock. Raymond James raised their target price on shares of 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 raised their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Royal Bank of Canada boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Finally, TD Securities increased their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a hold rating in a research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of C$12.71.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$11.99 on Monday. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$12.59. The stock’s fifty day moving average is C$10.85 and its 200-day moving average is C$10.34. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a market capitalization of C$588.11 million, a price-to-earnings ratio of 7.89 and a beta of 0.90.

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.