Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by TD Securities from C$12.00 to C$13.00 in a research report report published on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Several other equities research analysts have also recently commented on APR.UN. BMO Capital Markets boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Royal Bank of Canada boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Canaccord Genuity Group raised their price target on shares of 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. Finally, Raymond James lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$12.15 on Friday. The business’s 50-day moving average is C$12.30 and its 200-day moving average is C$10.98. 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 company has a market capitalization of C$595.96 million, a price-to-earnings ratio of 7.99 and a beta of 0.92. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78.

Automotive Properties Real Est Invt TR Company Profile

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.