Automotive Properties Real Est Invt TR (TSE:APR.UN) Given a C$13.00 Price Target by National Bankshares Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given a C$13.00 target price by investment analysts at National Bankshares in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 18.51% from the company’s current price.

Other analysts have also recently issued reports about the company. Raymond James raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. BMO Capital Markets upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Canaccord Genuity Group increased their target price 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. TD Securities boosted their target price on 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, CIBC lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.95.

Automotive Properties Real Est Invt TR Trading Up 2.1 %

APR.UN traded up C$0.23 on Friday, reaching C$10.97. 6,829 shares of the company’s stock were exchanged, compared to its average volume of 24,060. 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 company has a market cap of C$538.08 million, a price-to-earnings ratio of 7.22 and a beta of 0.92. The company’s 50 day moving average is C$11.83 and its 200-day moving average is C$11.19. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$12.78.

About Automotive Properties Real Est Invt TR

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.