Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Up 0.2% – Should You Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN) traded up 0.2% during trading on Thursday . The company traded as high as C$11.29 and last traded at C$11.23. 20,595 shares changed hands during trading, a decline of 48% from the average session volume of 39,989 shares. The stock had previously closed at C$11.21.

Wall Street Analyst Weigh In

APR.UN has been the subject of a number of research reports. Desjardins decreased 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 note on Friday, October 24th. Scotiabank decreased their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a research note on Friday, October 24th. National Bankshares boosted their price target 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 research report on Friday, October 24th. Finally, Raymond James Financial reduced 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 report on Thursday, November 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.50.

Automotive Properties Real Est Invt TR Stock Up 0.7%

The business’s fifty day simple moving average is C$10.95 and its 200 day simple moving average is C$11.23. The stock has a market cap of C$613.67 million, a price-to-earnings ratio of 13.32 and a beta of 0.58. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

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