Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price at C$12.69

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average rating of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$12.69.

APR.UN has been the subject of a number of analyst reports. Canaccord Genuity Group raised their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note 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 price objective for the stock from C$12.50 to C$13.00 in a research note on Friday, March 6th. BMO Capital Markets increased their price objective 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. Finally, Raymond James Financial raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th.

Automotive Properties Real Est Invt TR Trading Up 0.5%

Automotive Properties Real Est Invt TR stock opened at C$11.46 on Tuesday. The company has a market cap of C$621.81 million, a price-to-earnings ratio of 13.95 and a beta of 0.73. The firm has a 50-day moving average of C$11.45 and a 200-day moving average of C$11.21. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a one year low of C$9.04 and a one year high of C$11.91.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share (EPS) 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, equities analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

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. 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.