Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price upped by BMO Capital Markets from C$12.00 to C$12.50 in a research report released on Friday morning,BayStreet.CA reports. The firm currently has a market perform rating on the stock.

Other equities research analysts also recently issued reports about the company. Raymond James Financial increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity Group upped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday. Finally, Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$12.50 to C$13.00 in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.69.

Automotive Properties Real Est Invt TR Trading Down 0.9%

Shares of Automotive Properties Real Est Invt TR stock opened at C$11.63 on Friday. The stock has a market cap of C$631.03 million, a PE ratio of 13.70 and a beta of 0.73. The firm has a fifty day moving average price of C$11.36 and a 200 day moving average price of C$11.24. Automotive Properties Real Est Invt TR has a 1 year low of C$9.04 and a 1 year high of C$11.91. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

More Automotive Properties Real Est Invt TR News

Here are the key news stories impacting Automotive Properties Real Est Invt TR this week:

• Positive Sentiment: Canaccord Genuity raised its price target to C$13.50 and assigned a “buy” rating, implying roughly a 15.8% upside from the referenced price. BayStreet.CA
• Positive Sentiment: Raymond James increased its target to C$13.00 and moved to an “outperform” rating, representing about an 11.5% upside. BayStreet.CA
• Positive Sentiment: Royal Bank of Canada upgraded APR.UN from “sector perform” to “outperform” and bumped its target to C$13.00 (from C$12.50), signaling similar upside potential. BayStreet.CA
• Positive Sentiment: BMO Capital Markets raised its target to C$12.50 and kept a “market perform” rating — a smaller but still positive revision (~7.2% implied upside). BayStreet.CA
• Negative Sentiment: Counterweight risk — APR.UN carries relatively high leverage (debt-to-equity ~78.6) and a very low quick ratio, which could constrain investor enthusiasm and limit how far valuation expands despite the analyst momentum.

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.