Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00 at TD

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective boosted by equities research analysts at TD from C$12.50 to C$13.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 10.83% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research report on Friday, March 6th. Canaccord Genuity Group raised their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, March 6th. Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Finally, Raymond James Financial raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$12.72.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE:APR.UN traded down C$0.02 during midday trading on Friday, reaching C$11.73. 25,164 shares of the company’s stock were exchanged, compared to its average volume of 40,420. 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 capitalization of C$646.85 million, a PE ratio of 14.28 and a beta of 0.70. Automotive Properties Real Est Invt TR has a 12 month low of C$10.68 and a 12 month high of C$11.91. The company’s 50 day simple moving average is C$11.50 and its two-hundred day simple moving average is C$11.27.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$29.10 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%. Equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Company Profile

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.