Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.69 Average Price Target from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been given an average rating of “Moderate Buy” by the eight research firms that are covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$12.69.

Several research analysts have weighed in on the company. BMO Capital Markets increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research report on Friday, March 6th. Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Canaccord Genuity Group upped their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Friday, March 6th. Finally, Raymond James Financial raised their price target on shares of 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, March 6th.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock opened at C$11.46 on Tuesday. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$11.91. The stock’s 50 day moving average is C$11.45 and its 200-day moving average is C$11.21. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a market capitalization of C$621.81 million, a price-to-earnings ratio of 13.95 and a beta of 0.73.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. Equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

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. 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.