Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 12-Month High – Should You Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high on Thursday. The stock traded as high as C$12.71 and last traded at C$12.64, with a volume of 59,652 shares traded. The stock had previously closed at C$12.42.

Wall Street Analysts Forecast Growth

APR.UN has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th. Canaccord Genuity Group lowered Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$13.50 to C$12.75 in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$12.95.

Automotive Properties Real Est Invt TR Trading Up 1.8%

The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm’s fifty day moving average price is C$11.90 and its 200-day moving average price is C$11.79. The company has a market cap of C$697.64 million, a price-to-earnings ratio of 11.26 and a beta of 0.74.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its earnings results on Thursday, August 13th. The company reported C$0.27 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 firm had revenue of C$30.21 million during the quarter. On average, equities analysts expect that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current fiscal year.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.