Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Up 0.6% – Time to Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report)’s share price traded up 0.6% on Tuesday. The company traded as high as C$11.94 and last traded at C$11.85. 38,834 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 39,992 shares. The stock had previously closed at C$11.78.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.88.

Read Our Latest Research Report on APR.UN

Automotive Properties Real Est Invt TR Price Performance

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 firm has a market cap of C$654.04 million, a price-to-earnings ratio of 10.55 and a beta of 0.74. The stock has a 50-day moving average price of C$11.88 and a 200 day moving average price of C$11.89.

Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$30.21 million during 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 forecast that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Company Profile

(Get Free Report)

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.

Further Reading

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