Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$12.94.

A number of analysts have recently commented on APR.UN shares. TD Securities lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. Canaccord Genuity Group increased their price objective on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Raymond James lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. BMO Capital Markets increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Finally, Scotiabank lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th.

Automotive Properties Real Est Invt TR Stock Up 3.2 %

Shares of TSE:APR.UN traded up C$0.34 during trading on Friday, hitting C$11.08. 7,629 shares of the company were exchanged, compared to its average volume of 24,060. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.78. The stock has a market capitalization of C$543.47 million, a P/E ratio of 7.29 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm’s 50 day moving average price is C$11.83 and its 200-day moving average price is C$11.19.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.