Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.69 Consensus PT from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$12.69.

APR.UN has been the topic of a number of research reports. Raymond James Financial upped their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday, March 6th. Canaccord Genuity Group upped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a report on Friday, March 6th. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$12.50 to C$13.00 in a report on Friday, March 6th. Finally, BMO Capital Markets upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a report on Friday, March 6th.

Automotive Properties Real Est Invt TR Price Performance

APR.UN stock opened at C$11.54 on Friday. The firm has a market capitalization of C$636.37 million, a PE ratio of 14.05 and a beta of 0.66. Automotive Properties Real Est Invt TR has a one year low of C$10.01 and a one year high of C$11.91. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The firm has a 50-day moving average of C$11.50 and a two-hundred day moving average of C$11.22.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. On average, analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

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. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.