Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Cut to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective cut by Raymond James from C$12.50 to C$12.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 19.76% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Cormark upped their price objective on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Laurentian raised Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price for the company in a research note on Monday, January 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of C$12.31.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN traded down C$0.07 during mid-day trading on Wednesday, reaching C$10.02. 7,829 shares of the company were exchanged, compared to its average volume of 25,290. Automotive Properties Real Est Invt TR has a 52 week low of C$9.71 and a 52 week high of C$12.00. The company’s 50 day moving average price is C$10.26 and its 200 day moving average price is C$10.42. The stock has a market capitalization of C$398.09 million, a PE ratio of 7.85 and a beta of 0.87. The company has a quick ratio of 0.02, a current ratio of 0.78 and a debt-to-equity ratio of 117.71.

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.