Automotive Properties Real Est Invt TR (TSE:APR.UN) Upgraded by Royal Bank Of Canada to Outperform Rating

Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) from a sector perform rating to an outperform rating in a report published on Friday,BayStreet.CA reports. The firm currently has C$13.00 price target on the stock, up from their prior price target of C$12.50.

Separately, Raymond James Financial cut their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.69.

Automotive Properties Real Est Invt TR Stock Down 0.9%

Shares of TSE APR.UN traded down C$0.11 during mid-day trading on Friday, reaching C$11.63. The company had a trading volume of 49,999 shares, compared to its average volume of 42,741. The firm has a 50 day simple moving average of C$11.36 and a two-hundred day simple moving average of C$11.24. 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 stock has a market cap of C$631.03 million, a P/E ratio of 13.70 and a beta of 0.73. Automotive Properties Real Est Invt TR has a 52-week low of C$9.04 and a 52-week high of C$11.91.

Key Stories Impacting Automotive Properties Real Est Invt TR

Here are the key news stories impacting Automotive Properties Real Est Invt TR this week:

• Positive Sentiment: Canaccord Genuity raised its price target to C$13.50 and assigned a “buy” rating, implying roughly a 15.8% upside from the referenced price. BayStreet.CA
• Positive Sentiment: Raymond James increased its target to C$13.00 and moved to an “outperform” rating, representing about an 11.5% upside. BayStreet.CA
• Positive Sentiment: Royal Bank of Canada upgraded APR.UN from “sector perform” to “outperform” and bumped its target to C$13.00 (from C$12.50), signaling similar upside potential. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$12.50 and kept a “market perform” rating — a smaller but still positive revision (~7.2% implied upside). BayStreet.CA
• Negative Sentiment: Counterweight risk — APR.UN carries relatively high leverage (debt-to-equity ~78.6) and a very low quick ratio, which could constrain investor enthusiasm and limit how far valuation expands despite the analyst momentum.

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.