Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$12.00 Price Target at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by TD Securities from C$11.00 to C$12.00 in a research report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

A number of other analysts have also weighed in on APR.UN. Royal Bank of Canada upped their price target on shares of 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 boosted their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group boosted their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a buy rating in a report on Tuesday, July 30th. 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, the stock presently has a consensus rating of Moderate Buy and a consensus target price of C$12.57.

Automotive Properties Real Est Invt TR Trading Down 0.2 %

Automotive Properties Real Est Invt TR stock opened at C$11.78 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The firm has a 50-day moving average price of C$10.52 and a two-hundred day moving average price of C$10.25. The firm has a market capitalization of C$577.81 million, a price-to-earnings ratio of 7.75 and a beta of 0.91. Automotive Properties Real Est Invt TR has a 52-week low of C$9.69 and a 52-week high of C$11.83.

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.