Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$12.69.

A number of research analysts have recently issued reports on APR.UN shares. Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$12.50 to C$13.00 in a research report on Friday, March 6th. Raymond James Financial boosted their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. BMO Capital Markets boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research report on Friday, March 6th. Finally, Canaccord Genuity Group boosted their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research report on Friday, March 6th.

Automotive Properties Real Est Invt TR Stock Up 0.3%

Shares of TSE APR.UN opened at C$11.58 on Friday. The company has a market capitalization of C$638.58 million, a P/E ratio of 14.09 and a beta of 0.66. Automotive Properties Real Est Invt TR has a 52-week low of C$10.00 and a 52-week high of C$11.91. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The company’s 50 day moving average price is C$11.49 and its 200-day moving average price is C$11.21.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.27 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%. Equities 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. 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.