TD Securities Boosts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by TD Securities from C$11.00 to C$12.00 in a research note released on Wednesday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

APR.UN has been the topic of a number of other reports. Royal Bank of Canada upped their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. BMO Capital Markets boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Finally, Canaccord Genuity Group boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the company a buy rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Automotive Properties Real Est Invt TR currently has a consensus rating of Moderate Buy and a consensus price target of C$12.43.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN stock opened at C$11.61 on Wednesday. The business’s fifty day simple moving average is C$10.44 and its 200-day simple moving average is C$10.24. The company has a market cap of C$569.47 million, a PE ratio of 7.64 and a beta of 0.91. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 12-month low of C$9.69 and a 12-month high of C$11.66.

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 dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.