Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.46 Consensus Target Price from Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$12.46.

APR.UN has been the subject of several research reports. TD Securities boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday, August 15th. National Bankshares upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Scotiabank reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Friday, October 24th. Finally, Desjardins reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research note on Friday, October 24th.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN stock opened at C$10.91 on Wednesday. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a one year low of C$9.04 and a one year high of C$12.37. The company has a 50 day moving average price of C$11.35 and a 200 day moving average price of C$11.14. The firm has a market capitalization of C$585.10 million, a price-to-earnings ratio of 15.54 and a beta of 0.09.

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.