Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$12.69.

APR.UN has been the topic of several recent research reports. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$12.50 to C$13.00 in a research note on Friday, March 6th. BMO Capital Markets upped their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research note on Friday, March 6th. Raymond James Financial upped their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Finally, Canaccord Genuity Group upped their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, March 6th.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN stock opened at C$11.49 on Tuesday. The stock has a market cap of C$623.44 million, a price-to-earnings ratio of 13.99 and a beta of 0.66. The business’s fifty day moving average is C$11.45 and its 200 day moving average is C$11.21. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$11.91. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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 for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. Research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 EPS 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.