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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective raised by equities research analysts at TD from C$12.50 to C$13.00 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “hold” rating on the stock. TD’s target price would indicate a potential upside of 10.83% from the stock’s current price.

Other research analysts have also issued research reports about the stock. Canaccord Genuity Group increased 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. BMO Capital Markets increased their price target on shares of 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 note on Friday, March 6th. Raymond James Financial increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$12.50 to C$13.00 in a research note on Friday, March 6th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$12.72.

Automotive Properties Real Est Invt TR Stock Down 0.2%

APR.UN stock traded down C$0.02 during midday trading on Friday, reaching C$11.73. The company had a trading volume of 25,164 shares, compared to its average volume of 40,420. Automotive Properties Real Est Invt TR has a 1 year low of C$10.68 and a 1 year high of C$11.91. 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 company has a market capitalization of C$646.85 million, a P/E ratio of 14.28 and a beta of 0.70. The company has a 50 day moving average of C$11.50 and a two-hundred day moving average of C$11.27.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The company had revenue of C$29.10 million during the quarter. On average, equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Company Profile

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.