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

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.50.

APR.UN has been the topic of a number of recent research reports. National Bank Financial boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, October 24th. Raymond James Financial decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Desjardins lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Friday, October 24th. Finally, Scotiabank cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Friday, October 24th.

Automotive Properties Real Est Invt TR Price Performance

APR.UN stock opened at C$11.08 on Friday. The firm has a market cap of C$601.19 million, a P/E ratio of 13.05 and a beta of 0.70. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a 1 year low of C$9.04 and a 1 year high of C$11.91. The stock has a 50-day simple moving average of C$11.17 and a 200-day simple moving average of C$11.22.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.26 EPS for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%.The firm had revenue of C$25.40 million for the quarter. On average, equities analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.