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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target lifted by TD Securities from C$12.00 to C$13.00 in a report published on Friday,BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Raymond James lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Finally, Royal Bank of Canada lifted their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN stock traded down C$0.17 on Friday, hitting C$12.15. The company had a trading volume of 22,036 shares, compared to its average volume of 24,208. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$12.78. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The stock’s 50-day simple moving average is C$12.30 and its 200 day simple moving average is C$10.97. The stock has a market cap of C$595.96 million, a price-to-earnings ratio of 7.99 and a beta of 0.92.

About Automotive Properties Real Est Invt TR

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.