Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$12.50 Price Target at BMO Capital Markets

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Rating) had its target price trimmed by BMO Capital Markets from C$13.50 to C$12.50 in a report issued on Tuesday, BayStreet.CA reports.

Several other equities analysts have also commented on the stock. Cormark dropped their price target on shares of Automotive Properties Real Est Invt TR from C$14.25 to C$13.85 in a research report on Tuesday. National Bankshares dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 in a research report on Monday, October 24th. Scotiabank dropped their price target on shares of Automotive Properties Real Est Invt TR from C$15.00 to C$14.00 in a research report on Thursday, August 18th. TD Securities dropped their price objective on shares of Automotive Properties Real Est Invt TR from C$14.50 to C$13.50 and set a hold rating for the company in a research report on Thursday, October 20th. Finally, Raymond James dropped their price objective on shares of Automotive Properties Real Est Invt TR from C$14.75 to C$13.75 and set an outperform rating for the company in a research report on Monday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of C$13.33.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN stock opened at C$11.80 on Tuesday. Automotive Properties Real Est Invt TR has a one year low of C$11.35 and a one year high of C$15.09. The company has a debt-to-equity ratio of 111.38, a quick ratio of 0.01 and a current ratio of 0.97. The company has a 50 day moving average price of C$12.80 and a 200 day moving average price of C$13.08. The firm has a market capitalization of C$468.78 million and a price-to-earnings ratio of 4.56.

Automotive Properties Real Est Invt TR Company Profile

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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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