Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Has Average Price Target of C$12.88 According to Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$12.88.

Separately, Royal Bank Of Canada boosted their target price 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.

Automotive Properties Real Est Invt TR Stock Up 0.7%

APR.UN traded up C$0.08 on Friday, reaching C$12.19. The company’s stock had a trading volume of 60,369 shares, compared to its average volume of 39,985. 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 current ratio of 2.24 and a quick ratio of 0.02. The stock has a market cap of C$672.80 million, a price-to-earnings ratio of 10.85 and a beta of 0.74. The business’s 50 day moving average is C$11.87 and its 200 day moving average is C$11.90.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$30.21 million during the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. As a group, 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.