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

Automotive Properties Real Est Invt TR (TSE:APR.UN) was downgraded by research analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Monday, BayStreet reports. They presently have a C$12.75 target price on the stock, down from their prior target price of C$13.50. Canaccord Genuity Group‘s price objective would indicate a potential upside of 5.02% from the company’s current price.

Separately, Royal Bank Of Canada increased 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. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Hold” and a consensus target price of C$12.95.

Automotive Properties Real Est Invt TR Stock Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.15 during trading on Monday, reaching C$12.14. The company’s stock had a trading volume of 48,164 shares, compared to its average volume of 39,957. The business’s 50-day moving average price is C$11.89 and its 200-day moving average price is C$11.94. The firm has a market cap of C$670.04 million, a PE ratio of 10.81 and a beta of 0.74. Automotive Properties Real Est Invt TR has a 52 week low of C$10.68 and a 52 week high of C$12.59. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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 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 analysts forecast that Automotive Properties Real Est Invt TR will post 1.01 earnings per share 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.