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

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is C$12.88.

Several research firms have recently weighed in on APR.UN. TD raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. Royal Bank Of Canada boosted their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th.

Automotive Properties Real Est Invt TR Trading Down 0.7%

Shares of TSE:APR.UN opened at C$11.85 on Friday. The stock has a market capitalization of C$654.04 million, a price-to-earnings ratio of 10.55 and a beta of 0.66. Automotive Properties Real Est Invt TR has a 1-year low of C$10.68 and a 1-year high of C$12.52. 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 50 day moving average price of C$12.16 and a 200 day moving average price of C$11.86.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$30.21 million for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. On average, research analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

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 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.