Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Recommendation of “Moderate Buy” by 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 currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$12.53.

A number of brokerages have weighed in on APR.UN. Canaccord Genuity Group cut their price target on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Raymond James cut their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th. National Bankshares lowered their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a report on Friday, March 7th. TD Securities cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday, March 7th. Finally, CIBC decreased their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a report on Friday, March 7th.

Automotive Properties Real Est Invt TR Trading Down 1.9 %

TSE:APR.UN opened at C$10.00 on Monday. 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 business’s 50-day simple moving average is C$10.33 and its 200-day simple moving average is C$11.16. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. The stock has a market capitalization of C$490.50 million, a PE ratio of 6.58 and a beta of 0.92.

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 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.