Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$13.00 Price Target at Raymond James

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective increased by Raymond James from C$12.00 to C$13.00 in a research note issued to investors on Friday morning, BayStreet.CA reports.

A number of other research firms also recently commented on APR.UN. BMO Capital Markets increased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Royal Bank of Canada upped their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Canaccord Genuity Group lifted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a buy rating in a report on Tuesday, July 30th. Finally, TD Securities upped their price objective on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a hold rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of C$12.57.

Automotive Properties Real Est Invt TR Stock Down 0.2 %

Shares of TSE APR.UN opened at C$11.78 on Friday. The firm has a market cap of C$577.81 million, a price-to-earnings ratio of 7.75 and a beta of 0.91. The company’s 50-day simple moving average is C$10.52 and its 200-day simple moving average is C$10.25. 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 has a 52-week low of C$9.69 and a 52-week high of C$11.83.

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