Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price at C$12.40

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been assigned an average rating of “Moderate Buy” from the seven brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$12.40.

Separately, TD Securities lifted their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research report on Friday.

Automotive Properties Real Est Invt TR Trading Up 2.4%

Shares of TSE:APR.UN opened at C$11.54 on Friday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.04 and a 12-month high of C$12.78. The business’s fifty day simple moving average is C$11.35 and its 200-day simple moving average is C$10.69. The company has a market capitalization of C$566.04 million, a PE ratio of 7.59 and a beta of 0.92. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.