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 been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$12.50.

Several research analysts recently weighed in on the stock. National Bankshares 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 “sector perform” rating in a research note on Friday, October 24th. Raymond James Financial lowered their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a report on Thursday. Scotiabank reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research note on Friday, October 24th. Desjardins decreased their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research report on Friday, October 24th. Finally, TD Securities lifted their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday, August 15th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE:APR.UN opened at C$10.91 on Friday. 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 business’s fifty day moving average price is C$11.10 and its two-hundred day moving average price is C$11.22. The stock has a market cap of C$591.97 million, a PE ratio of 12.85 and a beta of 0.19. Automotive Properties Real Est Invt TR has a one year low of C$9.04 and a one year high of C$11.91.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.26 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%.The company had revenue of C$25.40 million during the quarter. On average, analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

About Automotive Properties Real Est Invt TR

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.