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

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price rose 0.6% during mid-day trading on Tuesday. The company traded as high as C$11.94 and last traded at C$11.85. 38,834 shares traded hands during trading, a decline of 3% from the average session volume of 39,992 shares. The stock had previously closed at C$11.78.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada upped their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.88.

Automotive Properties Real Est Invt TR Stock Performance

The company has a 50-day simple moving average of C$11.88 and a two-hundred day simple moving average of C$11.89. 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 firm has a market capitalization of C$667.84 million, a P/E ratio of 10.77 and a beta of 0.74.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The firm had revenue of C$30.21 million during 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, equities analysts forecast that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current year.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.