National Bankshares Has Lowered Expectations for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective reduced by equities research analysts at National Bankshares from C$12.75 to C$12.00 in a report issued on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 17.99% from the stock’s previous close.

A number of other research analysts have also weighed in on the company. Desjardins reduced their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research report on Friday. Raymond James reduced their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a report on Friday. Scotiabank upped their price target 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. CIBC reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Friday. Finally, TD Securities dropped their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.7 %

TSE:APR.UN traded up C$0.17 during mid-day trading on Friday, hitting C$10.17. 24,145 shares of the company’s stock were exchanged, compared to its average volume of 25,804. Automotive Properties Real Est Invt TR has a one year low of C$9.69 and a one year high of C$12.78. The business has a fifty day moving average price of C$10.53 and a 200 day moving average price of C$11.36. The company has a market cap of C$498.84 million, a PE ratio of 6.69 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.

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.