Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 1-Year High at $11.25

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$11.25 and last traded at C$11.25, with a volume of 16205 shares traded. The stock had previously closed at C$11.07.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on APR.UN. Canaccord Genuity Group raised their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a “buy” rating in a research note on Tuesday, July 30th. BMO Capital Markets increased their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday. Finally, Royal Bank of Canada boosted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.50.

Automotive Properties Real Est Invt TR Stock Performance

The company has a fifty day moving average price of C$10.18 and a 200 day moving average price of C$10.19. The company has a debt-to-equity ratio of 113.62, a current ratio of 0.52 and a quick ratio of 0.02. The stock has a market cap of C$549.36 million, a P/E ratio of 7.28 and a beta of 0.91.

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 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 leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.