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

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$12.67.

APR.UN has been the topic of a number of research reports. Canaccord Genuity Group upped their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Friday. Raymond James Financial boosted their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$12.50 to C$13.00 in a report on Friday. Finally, BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research report on Friday.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.08 during trading on Friday, hitting C$11.66. 44,199 shares of the company’s stock traded hands, compared to its average volume of 42,241. The firm’s fifty day moving average price is C$11.35 and its 200 day moving average price is C$11.24. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company has a market cap of C$632.66 million, a PE ratio of 13.73 and a beta of 0.73. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$11.91.

About Automotive Properties Real Est Invt TR

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.