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

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 covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$12.69.

A number of equities analysts have recently commented on APR.UN shares. Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Canaccord Genuity Group upped their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, March 6th. BMO Capital Markets lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a report on Friday, March 6th. Finally, Raymond James Financial boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE APR.UN opened at C$11.67 on Friday. The business’s 50-day simple moving average is C$11.51 and its 200-day simple moving average is C$11.23. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a 52 week low of C$10.01 and a 52 week high of C$11.91. The firm has a market cap of C$643.54 million, a price-to-earnings ratio of 14.20 and a beta of 0.66.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. As a group, equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

About Automotive Properties Real Est Invt TR

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.