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

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating) have received an average rating of “Buy” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$15.33.

Several analysts recently commented on APR.UN shares. Raymond James increased their price objective on shares of Automotive Properties Real Est Invt TR from C$15.50 to C$15.75 and gave the company an “outperform” rating in a research report on Thursday, March 24th. CIBC raised their price target on shares of Automotive Properties Real Est Invt TR from C$16.50 to C$17.00 and gave the company an “outperform” rating in a report on Tuesday, March 1st. TD Securities raised their price target on shares of Automotive Properties Real Est Invt TR from C$16.00 to C$16.50 and gave the company a “buy” rating in a report on Thursday, March 24th. National Bankshares raised their price target on shares of Automotive Properties Real Est Invt TR from C$14.00 to C$15.50 and gave the company an “outperform” rating in a report on Monday, January 10th. Finally, BMO Capital Markets raised their price objective on shares of Automotive Properties Real Est Invt TR from C$14.75 to C$15.50 in a report on Thursday, March 24th.

Shares of APR.UN stock opened at C$13.47 on Thursday. Automotive Properties Real Est Invt TR has a one year low of C$11.81 and a one year high of C$15.09. The company’s 50-day moving average is C$14.16 and its 200 day moving average is C$13.97. The company has a market capitalization of C$526.41 million and a price-to-earnings ratio of 6.16. The company has a debt-to-equity ratio of 125.11, a quick ratio of 0.02 and a current ratio of 1.17.

Automotive Properties Real Est Invt TR Company Profile (Get Rating)

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.

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