Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) PT at C$12.67

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$12.69.

APR.UN has been the subject of several recent research reports. BMO Capital Markets upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research report on Friday, March 6th. Raymond James Financial boosted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$12.50 to C$13.00 in a research report on Friday, March 6th. Finally, Canaccord Genuity Group raised their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, March 6th.

Automotive Properties Real Est Invt TR Price Performance

APR.UN stock opened at C$11.46 on Friday. The stock has a 50-day moving average price of C$11.41 and a two-hundred 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. The stock has a market cap of C$621.81 million, a PE ratio of 13.95 and a beta of 0.73. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

About Automotive Properties Real Est Invt TR

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.