Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is C$12.40.

A number of research firms recently commented on APR.UN. Raymond James reduced their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a report on Friday, March 7th. National Bankshares downgraded Automotive Properties Real Est Invt TR from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$12.00 to C$10.75 in a research note on Monday, April 14th. Canaccord Genuity Group dropped their price target on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Desjardins cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, TD Securities decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, March 7th.

Automotive Properties Real Est Invt TR Trading Up 1.2 %

Shares of Automotive Properties Real Est Invt TR stock opened at C$10.28 on Friday. The stock has a market cap of C$504.23 million, a P/E ratio of 6.76 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 12-month low of C$9.04 and a 12-month high of C$12.78. The business’s 50 day moving average is C$10.11 and its 200-day moving average is C$10.86.

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.