Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$13.00 at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating) had its price target decreased by TD Securities from C$13.50 to C$13.00 in a research note released on Tuesday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

APR.UN has been the topic of several other research reports. Cormark cut their price target on Automotive Properties Real Est Invt TR from C$13.85 to C$13.20 in a research note on Monday, March 20th. Royal Bank of Canada upped their target price on Automotive Properties Real Est Invt TR from C$11.75 to C$12.50 and gave the company a sector perform rating in a report on Monday, March 20th. Scotiabank decreased their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 in a report on Monday, March 20th. Finally, National Bankshares decreased their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a sector perform rating for the company in a report on Monday, January 30th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of C$12.96.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock opened at C$11.25 on Tuesday. Automotive Properties Real Est Invt TR has a twelve month low of C$11.02 and a twelve month high of C$14.26. The stock has a market capitalization of C$446.96 million, a P/E ratio of 5.36 and a beta of 0.92. The company has a current ratio of 1.31, a quick ratio of 0.02 and a debt-to-equity ratio of 106.71. The business’s fifty day moving average price is C$11.68 and its 200 day moving average price is C$11.96.

About Automotive Properties Real Est Invt TR

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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.