Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$12.53.

APR.UN has been the topic of several research reports. National Bankshares reduced their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Desjardins reduced their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Raymond James decreased their price target 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 note on Friday, March 7th. 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 on the stock in a research report on Friday, March 7th. Finally, TD Securities lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday, March 7th.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock opened at C$10.00 on Monday. The business’s fifty day moving average is C$10.33 and its two-hundred day moving average is C$11.16. 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 firm has a market cap of C$490.50 million, a P/E ratio of 6.58 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78.

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.