Desjardins Cuts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective reduced by Desjardins from C$13.00 to C$12.50 in a research report sent to investors on Friday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

APR.UN has been the topic of several other reports. TD Securities upped their price objective on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a research report on Friday, August 15th. Scotiabank decreased their price target 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 research note on Friday. Finally, National Bankshares boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research note on Friday. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$12.47.

Automotive Properties Real Est Invt TR Trading Up 1.2%

Shares of TSE APR.UN opened at C$11.10 on Friday. The firm’s 50 day moving average price is C$11.41 and its 200-day moving average price is C$11.10. Automotive Properties Real Est Invt TR has a 52-week low of C$9.04 and a 52-week high of C$12.50. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The company has a market cap of C$545.20 million, a PE ratio of 15.81 and a beta of 0.09.

About Automotive Properties Real Est Invt TR

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.