Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Recommendation of “Moderate Buy” by Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$12.97.

Several equities research analysts recently weighed in on the company. Scotiabank boosted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Canaccord Genuity Group reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Thursday. CIBC increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, Raymond James dropped their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th.

Automotive Properties Real Est Invt TR Stock Down 2.2 %

TSE APR.UN traded down C$0.23 during trading on Thursday, reaching C$10.06. 23,501 shares of the company’s stock were exchanged, compared to its average volume of 25,549. The company has a 50 day moving average price of C$10.55 and a two-hundred day moving average price of C$11.37. The stock has a market cap of C$493.44 million, a P/E ratio of 6.62 and a beta of 0.92. 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 debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

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.