Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$12.50.

Several analysts recently weighed in on APR.UN shares. Canaccord Genuity Group lifted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a “buy” rating in a report on Tuesday, July 30th. Royal Bank of Canada lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. TD Securities upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday. Finally, BMO Capital Markets raised their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th.

Automotive Properties Real Est Invt TR Trading Up 3.1 %

Shares of APR.UN traded up C$0.35 during trading on Wednesday, reaching C$11.61. 40,913 shares of the company traded hands, compared to its average volume of 23,508. The stock has a 50-day simple moving average of C$10.40 and a 200-day simple moving average of C$10.23. The stock has a market cap of C$569.47 million, a PE ratio of 7.64 and a beta of 0.91. Automotive Properties Real Est Invt TR has a twelve month low of C$9.69 and a twelve month high of C$11.63. 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 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.