Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$12.59 and last traded at C$12.51, with a volume of 27,021 shares traded. The stock had previously closed at C$12.35.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.88.

Automotive Properties Real Est Invt TR Trading Up 0.4%

The stock has a market capitalization of C$684.39 million, a P/E ratio of 11.04 and a beta of 0.74. The stock has a 50-day moving average price of C$11.88 and a two-hundred day moving average price of C$11.92. 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 (TSE:APR.UN) last announced its earnings results on Thursday, August 13th. The company reported C$0.27 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 company had revenue of C$30.21 million during the quarter. On average, research analysts forecast that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current fiscal year.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.