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

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been assigned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$12.97.

A number of research firms have recently issued reports on APR.UN. Scotiabank upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Raymond James lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research report on Friday, December 20th. CIBC boosted their price target 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. Finally, Canaccord Genuity Group lowered their price target on shares of 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 report on Thursday.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock traded down C$0.23 during trading on Thursday, reaching C$10.06. The company had a trading volume of 23,501 shares, compared to its average volume of 25,549. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm’s 50-day simple moving average is C$10.55 and its 200 day simple moving average is C$11.37. The firm has a market capitalization of C$493.44 million, a PE 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.

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.