Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Rating) have been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$14.30.
Several equities research analysts recently commented on APR.UN shares. National Bankshares cut Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and dropped their target price for the stock from C$15.50 to C$13.00 in a report on Wednesday, July 20th. Raymond James dropped their price target on shares of Automotive Properties Real Est Invt TR from C$15.75 to C$15.25 and set an "outperform" rating for the company in a research report on Monday, May 16th. BMO Capital Markets cut shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "market perform" rating and decreased their price objective for the stock from C$14.85 to C$13.50 in a research note on Monday, July 4th. CIBC reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$15.00 to C$14.25 in a research note on Monday, June 27th. Finally, TD Securities dropped their price objective on shares of Automotive Properties Real Est Invt TR from C$16.50 to C$16.00 and set a "buy" rating on the stock in a report on Monday, May 16th.
Automotive Properties Real Est Invt TR Price Performance
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Shares of Automotive Properties Real Est Invt TR stock opened at C$13.27 on Friday. The business's fifty day moving average price is C$13.10 and its 200 day moving average price is C$13.76. The company has a current ratio of 0.52, a quick ratio of 0.02 and a debt-to-equity ratio of 124.57. Automotive Properties Real Est Invt TR has a twelve month low of C$12.19 and a twelve month high of C$15.09. The stock has a market capitalization of C$526.87 million and a P/E ratio of 5.85.
About Automotive Properties Real Est Invt TR(Get Rating)
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.
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