Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as C$12.59 and last traded at C$12.51, with a volume of 27,021 shares trading hands. The stock had previously closed at C$12.35.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their price objective 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 report on Tuesday, August 18th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.88.

Automotive Properties Real Est Invt TR Stock Up 0.4%

The company has a market capitalization of C$684.39 million, a P/E ratio of 11.04 and a beta of 0.74. The company has a 50-day moving average of C$11.88 and a two-hundred day moving average of C$11.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$30.21 million during the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. On average, research analysts predict that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current year.

Automotive Properties Real Est Invt TR Company Profile

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.