Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price hit a new 52-week high during mid-day trading on Thursday. The stock traded as high as C$12.71 and last traded at C$12.64, with a volume of 59,652 shares changing hands. The stock had previously closed at C$12.42.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APR.UN. Royal Bank Of Canada boosted their target price 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 report on Tuesday, August 18th. Canaccord Genuity Group lowered shares of Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and lowered their price target for the company from C$13.50 to C$12.75 in a report on Monday, October 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Hold” and an average target price of C$12.95.

Automotive Properties Real Est Invt TR Stock Performance

The company has a market capitalization of C$675.56 million, a price-to-earnings ratio of 10.90 and a beta of 0.74. 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 fifty day simple moving average is C$11.91 and its two-hundred day simple moving average is C$11.80.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its 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. Equities research analysts predict that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current fiscal year.

About Automotive Properties Real Est Invt TR

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.