Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$12.50.

Several equities analysts recently commented on the company. 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 research note on Friday, October 24th. Raymond James Financial cut their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating on the stock in a report on Thursday, November 20th. Scotiabank decreased 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 research report on Friday, October 24th. Finally, National Bankshares upped their price target 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 research report on Friday, October 24th.

Automotive Properties Real Est Invt TR Stock Performance

TSE:APR.UN opened at C$11.43 on Friday. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market cap of C$620.18 million, a PE ratio of 13.46 and a beta of 0.70. The firm has a 50 day simple moving average of C$11.13 and a 200-day simple moving average of C$11.22. Automotive Properties Real Est Invt TR has a 1-year low of C$9.04 and a 1-year high of C$11.91.

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