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

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Free Report) had its target price upped by equities research analysts at Raymond James Financial from C$12.50 to C$13.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential upside of 10.92% from the company’s previous close.

Separately, Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$12.50 to C$13.00 in a research report on Friday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.67.

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Automotive Properties Real Est Invt TR Trading Down 0.2%

Shares of TSE APR.UN traded down C$0.02 during trading on Friday, hitting C$11.72. 30,799 shares of the company traded hands, compared to its average volume of 42,308. The firm has a market capitalization of C$635.92 million, a P/E ratio of 13.80 and a beta of 0.73. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company has a 50-day moving average price of C$11.35 and a 200-day moving average price of C$11.24. Automotive Properties Real Est Invt TR has a 1 year low of C$9.04 and a 1 year high of C$11.91.

Automotive Properties Real Est Invt TR Company Profile

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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.

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