Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Up 0.2% – Still a Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price traded up 0.2% on Thursday . The stock traded as high as C$11.29 and last traded at C$11.23. 20,595 shares traded hands during trading, a decline of 48% from the average session volume of 39,989 shares. The stock had previously closed at C$11.21.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Desjardins cut their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Friday, October 24th. National Bankshares boosted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, October 24th. Raymond James Financial dropped their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Scotiabank reduced their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.50.

Automotive Properties Real Est Invt TR Price Performance

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’s 50-day moving average price is C$10.95 and its 200-day moving average price is C$11.24. The company has a market cap of C$609.33 million, a P/E ratio of 13.22 and a beta of 0.58.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The firm had revenue of C$25.40 million during the quarter. As a group, sell-side analysts predict 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.