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

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$12.40.

A number of equities analysts have recently commented on APR.UN shares. Raymond James cut their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research report on Friday, March 7th. Desjardins reduced their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday, March 7th. National Bankshares cut shares of Automotive Properties Real Est Invt TR from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from C$12.00 to C$10.75 in a report on Monday, April 14th. Canaccord Genuity Group lowered their price objective on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. Finally, TD Securities reduced their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research report on Friday, March 7th.

Automotive Properties Real Est Invt TR Stock Up 1.5%

Automotive Properties Real Est Invt TR stock opened at C$10.81 on Tuesday. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company has a market capitalization of C$530.23 million, a P/E ratio of 7.11 and a beta of 0.92. The firm has a 50 day moving average price of C$10.19 and a 200-day moving average price of C$10.65. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$12.78.

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.