Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages


Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating) have been assigned an average recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$14.55.

Several equity analysts have recently issued reports on the company. Cormark decreased their price target on Automotive Properties Real Est Invt TR from C$15.50 to C$14.25 in a research note on Monday, May 16th. CIBC decreased their target price on Automotive Properties Real Est Invt TR from C$15.00 to C$14.25 in a research report on Monday, June 27th. Raymond James decreased their price objective on Automotive Properties Real Est Invt TR from C$15.75 to C$15.25 and set an “outperform” rating for the company in a report on Monday, May 16th. TD Securities reduced their target price 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 report on Monday, May 16th. Finally, Royal Bank of Canada dropped their price objective on 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 research note on Tuesday, May 17th.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN opened at C$12.62 on Tuesday. The stock has a market cap of C$501.06 million and a price-to-earnings ratio of 5.56. The business has a 50-day moving average of C$13.36 and a 200-day moving average of C$13.90. The company has a quick ratio of 0.02, a current ratio of 0.52 and a debt-to-equity ratio of 124.57. Automotive Properties Real Est Invt TR has a 12-month low of C$12.19 and a 12-month high of C$15.09.

Automotive Properties Real Est Invt TR Company Profile

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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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Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)



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