Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective raised by research analysts at Canaccord Genuity Group from C$12.60 to C$13.50 in a note issued to investors on Monday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target points to a potential upside of 8.52% from the company’s current price.

A number of other equities research analysts have also issued reports on APR.UN. Raymond James increased their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Royal Bank of Canada raised their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. BMO Capital Markets lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Finally, TD Securities lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a research report on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and an average target price of C$12.71.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock traded down C$0.12 during trading on Monday, reaching C$12.44. The company had a trading volume of 12,837 shares, compared to its average volume of 24,707. The firm has a market capitalization of C$610.18 million, a PE ratio of 8.18 and a beta of 0.90. The firm’s 50-day simple moving average is C$10.71 and its 200 day simple moving average is C$10.30. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.59.

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.