Canaccord Genuity Group Issues Positive Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target hoisted by Canaccord Genuity Group from C$13.00 to C$13.50 in a research note issued to investors on Friday morning,BayStreet.CA reports. Canaccord Genuity Group currently has a buy rating on the stock.

Several other equities analysts have also issued reports on APR.UN. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.50 to C$13.00 in a research report on Friday. Raymond James Financial lifted 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 research note on Friday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$12.69.

Automotive Properties Real Est Invt TR Trading Down 0.9%

APR.UN stock traded down C$0.11 during midday trading on Friday, hitting C$11.63. 49,999 shares of the company’s stock were exchanged, compared to its average volume of 42,741. Automotive Properties Real Est Invt TR has a one year low of C$9.04 and a one year high of C$11.91. 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$631.03 million, a PE ratio of 13.70 and a beta of 0.73. The stock’s fifty day moving average price is C$11.36 and its 200-day moving average price is C$11.24.

Trending Headlines about Automotive Properties Real Est Invt TR

Here are the key news stories impacting Automotive Properties Real Est Invt TR this week:

• Positive Sentiment: Canaccord Genuity raised its price target to C$13.50 and assigned a “buy” rating, implying roughly a 15.8% upside from the referenced price. BayStreet.CA
• Positive Sentiment: Raymond James increased its target to C$13.00 and moved to an “outperform” rating, representing about an 11.5% upside. BayStreet.CA
• Positive Sentiment: Royal Bank of Canada upgraded APR.UN from “sector perform” to “outperform” and bumped its target to C$13.00 (from C$12.50), signaling similar upside potential. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$12.50 and kept a “market perform” rating — a smaller but still positive revision (~7.2% implied upside). BayStreet.CA
• Negative Sentiment: Counterweight risk — APR.UN carries relatively high leverage (debt-to-equity ~78.6) and a very low quick ratio, which could constrain investor enthusiasm and limit how far valuation expands despite the analyst momentum.

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.