Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating) have been given an average rating of “Moderate Buy” by the ten ratings firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$14.55.
A number of equity analysts have commented on the stock. Scotiabank boosted their price target on shares of Automotive Properties Real Est Invt TR from C$14.00 to C$15.00 in a report on Friday, March 25th. BMO Capital Markets downgraded Automotive Properties Real Est Invt TR from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$14.85 to C$13.50 in a report on Monday, July 4th. TD Securities lowered their price target on Automotive Properties Real Est Invt TR from C$16.50 to C$16.00 and set a “buy” rating for the company in a research note on Monday, May 16th. Cormark decreased their target price on Automotive Properties Real Est Invt TR from C$15.50 to C$14.25 in a research report on Monday, May 16th. Finally, Royal Bank of Canada cut their price target on Automotive Properties Real Est Invt TR from C$14.50 to C$13.75 and set a “sector perform” rating for the company in a report on Tuesday, May 17th.
Automotive Properties Real Est Invt TR Trading Up 2.3%
APR.UN opened at C$12.62 on Tuesday. The firm has a market capitalization of C$501.06 million and a P/E ratio of 5.56. The firm’s 50-day moving average is C$13.36 and its 200-day moving average is C$13.90. Automotive Properties Real Est Invt TR has a 52-week low of C$12.19 and a 52-week high of C$15.09. The company has a quick ratio of 0.02, a current ratio of 0.52 and a debt-to-equity ratio of 124.57.
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 dealership properties located in Canada. The REIT’s portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leaseable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Quebec.
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