Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.50 Consensus Target Price from Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$12.50.

Several equities research analysts have weighed in on APR.UN shares. Raymond James Financial reduced their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Desjardins dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating for the company in a report on Friday, October 24th. Scotiabank decreased their price target on 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 report on Friday, October 24th. Finally, National Bankshares raised their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report on Friday, October 24th.

Automotive Properties Real Est Invt TR Price Performance

APR.UN stock opened at C$11.03 on Thursday. Automotive Properties Real Est Invt TR has a 52 week low of C$9.04 and a 52 week 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. The company has a fifty day simple moving average of C$10.93 and a two-hundred day simple moving average of C$11.24. The firm has a market capitalization of C$598.48 million, a P/E ratio of 12.99 and a beta of 0.25.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$25.40 million for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. Analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share 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.