Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High – Here’s What Happened

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high on Friday. The company traded as high as C$13.10 and last traded at C$13.09, with a volume of 6,743 shares trading hands. The stock had previously closed at C$12.80.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on APR.UN shares. Canaccord Genuity Group downgraded shares of Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and lowered their target price for the company from C$13.50 to C$12.75 in a research note on Monday, October 26th. Royal Bank Of Canada increased their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR currently has a consensus rating of “Hold” and a consensus price target of C$12.95.

Automotive Properties Real Est Invt TR Price Performance

The stock has a market cap of C$710.33 million, a price-to-earnings ratio of 11.46 and a beta of 0.72. The stock’s 50 day moving average price is C$12.03 and its two-hundred day moving average price is C$11.87. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings data on Thursday, November 12th. The company reported C$0.64 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%. The business had revenue of C$30.46 million during the quarter. Equities research analysts forecast that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current fiscal year.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.