Automotive Properties Real Est Invt TR (TSE:APR.UN) Cut to Hold at Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) from a buy rating to a hold rating in a research note issued to investors on Monday morning,BayStreet reports. Canaccord Genuity Group currently has C$12.75 price objective on the stock, down from their previous price objective of C$13.50.

Separately, Royal Bank Of Canada increased 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 research note on Tuesday, August 18th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$12.95.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN stock opened at C$12.42 on Monday. The stock’s 50-day moving average is C$11.90 and its 200 day moving average is C$11.79. Automotive Properties Real Est Invt TR has a 1-year low of C$10.68 and a 1-year high of C$12.59. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company has a market cap of C$685.50 million, a P/E ratio of 11.06 and a beta of 0.74.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Thursday, August 13th. 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%. The business had revenue of C$30.21 million for the quarter. Research analysts predict that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current fiscal 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.