Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average recommendation of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$12.46.

Several research firms recently weighed in on APR.UN. 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 for the company in a research note on Friday, October 24th. Scotiabank lowered their target price 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 report on Friday, October 24th. TD Securities boosted 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 report on Friday, August 15th. Finally, 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 stock a “sector perform” rating in a report on Friday, October 24th.

Automotive Properties Real Est Invt TR Price Performance

APR.UN stock opened at C$11.11 on Wednesday. The company has a market cap of C$545.69 million, a price-to-earnings ratio of 15.83 and a beta of 0.09. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$12.37. The business has a 50 day moving average price of C$11.39 and a two-hundred day moving average price of C$11.12. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.