Analysts Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target at C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$12.50.

Several research analysts recently commented on the stock. Scotiabank decreased their target price 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, October 24th. Desjardins decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research report on Friday, October 24th. Raymond James Financial lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, National Bankshares increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a report on Friday, October 24th.

Automotive Properties Real Est Invt TR Trading Up 0.3%

Shares of APR.UN stock opened at C$11.10 on Thursday. The business has a 50-day moving average of C$10.93 and a 200 day moving average of C$11.24. 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 has a 1-year low of C$9.04 and a 1-year high of C$11.91. The stock has a market capitalization of C$602.27 million, a PE ratio of 13.07 and a beta of 0.25.

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

About Automotive Properties Real Est Invt TR

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. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.