Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$14.25 at CIBC


Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating) had its price objective cut by CIBC from C$15.00 to C$14.25 in a research note published on Monday morning, BayStreet.CA reports.

A number of other analysts have also recently weighed in on APR.UN. Scotiabank increased their price objective on shares of Automotive Properties Real Est Invt TR from C$14.00 to C$15.00 in a report on Friday, March 25th. Royal Bank of Canada dropped their price objective on shares of Automotive Properties Real Est Invt TR from C$14.50 to C$13.75 and set a sector perform rating on the stock in a report on Tuesday, May 17th. Cormark dropped their price objective on shares of Automotive Properties Real Est Invt TR from C$15.50 to C$14.25 in a report on Monday, May 16th. BMO Capital Markets raised their target price on shares of Automotive Properties Real Est Invt TR from C$14.75 to C$15.50 in a research note on Thursday, March 24th. Finally, Raymond James lowered their target price on shares of Automotive Properties Real Est Invt TR from C$15.75 to C$15.25 and set an outperform rating on the stock in a research note on Monday, May 16th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of C$14.75.

TSE:APR.UN opened at C$13.33 on Monday. The firm has a 50-day simple moving average of C$13.58 and a 200-day simple moving average of C$13.99. The company has a debt-to-equity ratio of 124.57, a current ratio of 0.52 and a quick ratio of 0.02. The firm has a market cap of C$520.75 million and a PE ratio of 5.87. Automotive Properties Real Est Invt TR has a 1-year low of C$12.25 and a 1-year high of C$15.09.

About Automotive Properties Real Est Invt TR (Get Rating)

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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