Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00 at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price upped by equities research analysts at TD Securities from C$12.00 to C$13.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential upside of 6.30% from the stock’s current price.

Several other equities research analysts also recently weighed in on the stock. Canaccord Genuity Group upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Raymond James increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Royal Bank of Canada increased their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Finally, BMO Capital Markets increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE:APR.UN traded down C$0.09 on Friday, hitting C$12.23. 12,315 shares of the company were exchanged, compared to its average volume of 24,164. The firm has a market capitalization of C$599.88 million, a P/E ratio of 8.05 and a beta of 0.92. The stock’s 50 day moving average price is C$12.29 and its 200 day moving average price is C$10.96. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

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.