Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$12.93.

Several research analysts have recently issued reports on the company. TD Securities lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research note on Friday, November 15th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a report on Friday, December 20th. Raymond James lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday. Scotiabank lifted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Finally, BMO Capital Markets increased their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN opened at C$10.66 on Tuesday. 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 has a one year low of C$9.69 and a one year high of C$12.78. The firm has a market capitalization of C$522.87 million, a P/E ratio of 7.01 and a beta of 0.92. The company’s fifty day moving average is C$11.29 and its two-hundred day moving average is C$11.30.

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.