Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 52-Week High Following Analyst Upgrade

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high during mid-day trading on Wednesday after TD Securities raised their price target on the stock from C$11.00 to C$12.00. TD Securities currently has a hold rating on the stock. Automotive Properties Real Est Invt TR traded as high as C$11.50 and last traded at C$11.50, with a volume of 19379 shares. The stock had previously closed at C$11.26.

Other equities analysts have also recently issued reports about the company. Canaccord Genuity Group boosted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a “buy” rating in a report on Tuesday, July 30th. 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 note on Monday, August 19th. Finally, BMO Capital Markets upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$12.43.

Automotive Properties Real Est Invt TR Stock Up 1.6 %

The firm has a 50-day simple moving average of C$10.48 and a 200 day simple moving average of C$10.25. The company has a market capitalization of C$578.79 million, a PE ratio of 7.76 and a beta of 0.91. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.