Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 52-Week High at $11.25

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) reached a new 52-week high during trading on Friday . The stock traded as high as C$11.25 and last traded at C$11.25, with a volume of 16205 shares traded. The stock had previously closed at C$11.07.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on APR.UN shares. Royal Bank of Canada boosted their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Canaccord Genuity Group boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, BMO Capital Markets raised their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Moderate Buy” and an average target price of C$12.50.

Automotive Properties Real Est Invt TR Stock Performance

The firm has a fifty day moving average of C$10.20 and a 200-day moving average of C$10.19. The company has a quick ratio of 0.02, a current ratio of 0.52 and a debt-to-equity ratio of 113.62. The stock has a market capitalization of C$548.87 million, a price-to-earnings ratio of 7.36 and a beta of 0.91.

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.