Raymond James Cuts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.75

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price decreased by Raymond James from C$13.75 to C$12.75 in a research note issued to investors on Monday morning,BayStreet.CA reports.

A number of other analysts have also issued reports on the company. BMO Capital Markets boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. CIBC increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. TD Securities boosted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a report on Friday, November 15th. Scotiabank boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Finally, Canaccord Genuity Group lifted their price target on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.93.

Automotive Properties Real Est Invt TR Stock Up 0.4 %

Shares of TSE:APR.UN opened at C$10.62 on Monday. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The business has a 50 day simple moving average of C$11.26 and a two-hundred day simple moving average of C$11.30. Automotive Properties Real Est Invt TR has a 1 year low of C$9.69 and a 1 year high of C$12.78. The firm has a market capitalization of C$520.91 million, a PE ratio of 6.99 and a beta of 0.92.

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.