TD Securities Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$10.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price dropped by analysts at TD Securities from C$13.50 to C$10.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 33.33% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Raymond James set a C$9.00 price objective on shares of Automotive Properties Real Est Invt TR and gave the company a “market perform” rating in a research report on Wednesday. CIBC lowered their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$11.75 in a report on Wednesday. BMO Capital Markets boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.25 to C$13.00 in a report on Tuesday, February 11th. National Bank Financial boosted their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada lowered their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$11.00 and set a “sector perform” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Automotive Properties Real Est Invt TR currently has a consensus rating of “Buy” and a consensus price target of C$10.63.

TSE:APR.UN opened at C$7.50 on Wednesday. The firm has a 50 day simple moving average of C$10.85 and a 200-day simple moving average of C$11.57. The company has a debt-to-equity ratio of 142.91, a current ratio of 0.09 and a quick ratio of 0.01. The firm has a market cap of $280.09 million and a PE ratio of 42.37. Automotive Properties Real Est Invt TR has a 1-year low of C$6.00 and a 1-year high of C$12.89.

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 Qu├ębec.

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