Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 52-Week High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$12.78 and last traded at C$12.78, with a volume of 6388 shares. The stock had previously closed at C$12.73.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on APR.UN. Raymond James upped their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. TD Securities lifted their price objective on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th. BMO Capital Markets increased their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Canaccord Genuity Group lifted their price objective 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, Royal Bank of Canada increased their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.71.

Automotive Properties Real Est Invt TR Trading Down 0.7 %

The business has a 50 day moving average price of C$11.93 and a 200-day moving average price of C$10.72. The firm has a market capitalization of C$617.05 million, a PE ratio of 8.28 and a beta of 0.92. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

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.