Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Expected to Rise, National Bankshares Analyst Says

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective increased by stock analysts at National Bankshares from C$12.00 to C$12.50 in a report released on Friday,BayStreet.CA reports. The firm currently has a “sector perform” rating on the stock. National Bankshares’ target price indicates a potential upside of 12.61% from the stock’s previous close.

APR.UN has been the subject of a number of other research reports. 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 stock a “hold” rating in a research report on Friday, August 15th. Scotiabank lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Friday. Finally, Desjardins increased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “buy” rating in a research note on Monday, August 18th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus price target of C$12.47.

Automotive Properties Real Est Invt TR Stock Up 1.2%

APR.UN stock opened at C$11.10 on Friday. The company has a fifty day moving average price of C$11.41 and a 200 day moving average price of C$11.09. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$12.50. The company has a market cap of C$545.20 million, a price-to-earnings ratio of 15.81 and a beta of 0.09. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.