Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Down 1.4% – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price traded down 1.4% on Friday . The company traded as low as C$10.43 and last traded at C$10.47. 21,105 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 27,408 shares. The stock had previously closed at C$10.62.

Analysts Set New Price Targets

Several analysts recently weighed in on APR.UN shares. Scotiabank increased 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. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research report on Friday, December 20th. BMO Capital Markets raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. TD Securities upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research note on Friday, November 15th. Finally, Canaccord Genuity Group raised their price target 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 report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.95.

Automotive Properties Real Est Invt TR Price Performance

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 stock’s 50-day moving average price is C$11.32 and its 200-day moving average price is C$11.28. The company has a market capitalization of C$513.55 million, a price-to-earnings ratio of 6.89 and a beta of 0.92.

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.