Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Up 0.6% – Still a Buy?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) were up 0.6% during mid-day trading on Monday . The stock traded as high as C$10.93 and last traded at C$10.90. Approximately 26,101 shares traded hands during trading, a decline of 5% from the average daily volume of 27,398 shares. The stock had previously closed at C$10.83.

Analysts Set New Price Targets

APR.UN has been the topic of a number of recent analyst reports. Raymond James Financial cut their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Scotiabank dropped 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 report on Friday, October 24th. Desjardins reduced their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating for the company in a research report on Friday, October 24th. Finally, National Bankshares raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.50.

Automotive Properties Real Est Invt TR Stock Performance

The stock has a market cap of C$591.42 million, a price-to-earnings ratio of 12.84 and a beta of 0.25. The stock’s 50-day simple moving average is C$10.92 and its two-hundred day simple moving average is C$11.24. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The company had revenue of C$25.40 million for the quarter. Analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

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.