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Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of "Moderate Buy" by Brokerages - MarketBeat

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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

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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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Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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‘The Shop': Unassuming Dallas Warehouse Home to High-Dollar Classic Cars - NBC 5 Dallas-Fort Worth

Drivers on the John Carpenter Freeway zip right past the unassuming old warehouse near Regal Row without knowing it stores hundreds of classic cars dating to the 1930s.

The big sign out front says only “The Shop.”

Almost all of the cars are high-dollar classics.

"We describe this place as a social club for gearheads,” manager Kesha Walker said. “We're essentially a vehicle storage facility that we've turned into a social club."

The Shop Club also includes a restaurant and bar open to the public, an upstairs work area for members only and a secret cigar room located behind some movable bookshelves.

But it's the cars -- and even a few motorcycles -- that are the real surprise.

"Everybody's reaction is what did I walk into? Like, what is this?” Walker said.

Glenn Maxwell visited for the first time recently.

"I've driven by here a bunch of times but I never knew about it,” Maxwell said. “I work a little down the road. We came here for a social hour. It was a happy little discovery."

Commercial real estate broker Stephen Hemphill stores a number of vehicles here, including a 1969 Camaro.

"There's nothing like this that is a common theme which is cars or motorcycles and people who have a story about them,” Hemphill said.

The most expensive car is a 2020 Ford GT Heritage, made largely of carbon fiber, and valued at $1.6 million.

The oldest is a 1932 Ford.

But every car has its own history.

A 1950 El Camino was passed from a man to his daughter, and then to her son.

The shop is owned by a Seattle man who plans to open a similar facility in Houston soon.

The public can view the cars six days a week from two viewing areas.

In-depth tours are offered on weekends.

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In Ukraine, Jewish charity buys 40 electric cars as fuel crisis hinders aid delivery - The Times of Israel

JTA — Negotiating the bomb-scarred roads of eastern Ukraine is the easy part of Ilya Pulin’s day as he delivers food and medicine across the region as a volunteer.

The difficult part, he told the Jewish Telegraphic Agency, is finding and paying for fuel in the war-torn country.

Since Russia invaded in February, “fuel prices have doubled. There are hour-long lines at petrol stations. And until a few days ago there was a five-gallon ration per person,” said Pulin, a 38-year-old Jewish father of two in Dnipro who works as a science professor specializing in thermodynamics.

“You can easily wait for six, seven hours at select fuel stations and, until recently, you only got five gallons. It’s very difficult,” Pulin said.

To solve this problem, which is affecting aid providers all over the country, the Chabad-affiliated Federation of Jewish Communities of Ukraine has spent over $2 million buying a fleet of 40 electric cars — including some made by Volvo — that it is distributing this month to communities like Pulin’s.

“It’s going to save lives,” said Shlomo Salomon, the rabbi of the eastern city of Kremenchuk, where one member of the Jewish community is on life support after the war disrupted his access to a crucial medicine he required.

The cost of cars, including electric cars, has shot up globally amid parts shortages and other pandemic-induced changes. But even at an average price tag of $50,000 each, the cars are seen as a smart buy as Ukrainian-Jewish aid groups and volunteers use their extensive ties and funding sources in the West to adapt quickly to situations as they unfold during the five-month long Russian invasion.

Amid the war’s surge both in the needs of aid recipients and the price of extending aid — in addition to fuel, medicine and food prices have also skyrocketed — the American Jewish Joint Distribution Committee, or JDC, is seeing unexpected returns on investments it made several years ago, according to Amos Lev-Ran, the director of JDC’s division for external relations in the former Soviet Union.

One of them is JDC’s switch from delivering food and medicines to needy Jews to a system where the recipients can get those items themselves at a supermarket near them, using a card preloaded with payments. Another is the JOINTECH system that allows caregivers and others to connect to elderly and other aid recipients online to combat loneliness without the need for travel.

“All of the adaptations that we made over the past few years are really benefiting us now, and saving a lot of costs,” Amos Lev-Ran said.

Illustrative: Holocaust survivor and refugee Tatyna Ryabaya, 99, and her daughter sit on a bed in a hotel room in Moldova after fleeing Ukraine before flying to Israel on a special medical transport flight on April 27, 2022. (International Fellowship of Christians and Jews)

In Mykolaiv, a southern city that is the birthplace of Menachem Mendel Schneerson, the last leader of the Chabad-Lubavitch Hasidic dynasty, the fuel shortage is having a cooling effect on the willingness of volunteers to show up for errands, according to Sholom Gotlieb, a Chabad rabbi who’s been living in the city for the past 25 years.

“There’s a solidarity and willingness to sacrifice, but after 160 days of war, there’s only so much you can ask,” he said.

Waiting for hours for a fuel ration at a flammable gas station amid unrelenting Russian bombing is “not something that’s reasonable to expect from a volunteer,” said the rabbi, whose wife and 10 children left for his homeland of Israel after the war broke out.

At least a third of his community of about 2,000 people have also left the city, including the wife and children of Pulin, the science professor. Helen Pulina, an English teacher, is staying in Israel. Her husband had to stay behind because of emergency rules that prevent most men under 60 from leaving Ukraine. She is planning on settling in Israel and awaits the moment her husband is allowed to join her.

“I’m studying Hebrew, settling in. Starting something new. Very unexpected but there you have it,” she said.

In the first half of 2022, more than 12,000 people left Ukraine for Israel under its law of return for Jews and their relatives — roughly four times the tally of the whole of 2021. The dimensions of this Jewish exodus from Ukraine, which had at least 47,000 Jews in 2020, are probably far larger as many thousands of additional Jews have left for Europe, the United States and beyond.

Holocaust survivors rescued from the war in Ukraine arrive at Ben Gurion airport near Tel Aviv, April 27, 2022. (Tomer Neuberg/Flash90)

Does this movement mean fewer Jews require aid back in Ukraine?

“The opposite is true,” said Gotlieb.

Those who leave tend to be young and have the means to make a move on short notice, he said. Those who stay often move in with families outside city centers, which are more likely to be targeted by Russian rockets. This makes food delivery and aid routes longer, especially in the sprawling city of Mykolaiv and the many villages scattered around it.

And then there are those that JDC calls “the new poor” — middle-class families or individuals that have been pushed into requiring aid for the first time by the financial crisis brought on by the war, as millions of jobs in Ukraine evaporated and the local currency plunged into a tailspin. Since war broke out, JDC has seen about 1,000 “new poor” Jews join its list of about 37,000 aid recipients.

Internally displaced Jews, who moved to what they hope is a safer location than where their home is, are another new and vulnerable group for JDC and other Jewish aid providers to care for.

The number of Ukrainian Jews living in the country before the war is disputed. The European Jewish Congress says they numbered at least 360,000, whereas a major survey from 2020 of the demography of Jewish communities in Europe estimated the community to be no larger than 47,000. Either way, aid recipients made up a sizable chunk of the community even before the war.

It will go from bad to worse, according to Rabbi Meir Stambler, chairman of the Federation of Jewish Communities of Ukraine, the Chabad-affiliated group.

“Clearly, a lot of people are going to be plunged into poverty because of the war, during it and for years to follow,” he told JTA.

Preparing for that reality means tightening all kinds of belts, starting with the price of getting to and transporting the recipients, he said.

“The electric cars are going to operate at a fraction of the cost of fuel-burning ones,” Stambler added. “It’s one of those actions that are needed urgently now — and are also required to prepare for what’s coming.”

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Jonathan Shafer Breaks Through for CARS Tour Win at Ace - Racing America

It felt like a long time coming as Jonathan Shafer finally broke through in CARS Tour competition on Friday night at Ace Speedway.

The win came in his 31st start across two seasons with Nelson Motorsports and now R&S Race Cars.

Victory Lane was a party with a large crowd gathered to see him climb out and jump into team owner and crew chief Marcus Richmond's waiting arms. The scene included visits by Bobby McCarty, Kaden Honeycutt, Chad McCumbee and several other fellow drivers.

Everyone likes Shafer and even more respect Richmond. Combined, there was much to celebrate.

"It was a big deal," Shafer said. "It felt good to close out on one. It was a good confidence booster for the rest of the season too."

Shafer led wire-to-wire from the pole, the only threat coming on restarts before he could create space between his No. 91 and the rest of the field. As a result, track position and restarts were the keys to victory.

"I wanted to lead early, set the pace and save my right rear tire," Shafer said. "Once we got to the 40 to go mark, I was told I could go all out and was able to hold on for the win."

McCumbee provided the most consistent threat from behind over the course of 125 laps but lost his brakes over the final 30 laps. He wasn’t sure if he just used them up or if there was a failure that cause him to lose ground over the closing laps.

"I thought about brakes, the entire race and had no rotors so not sure what happened," McCumbee said. "Bummed about that but proud of the run. The car was what we needed tonight and will give us momentum the rest of the season."

McCumbee has only made two prior starts at Ace and they didn't go well.

"Sam (Yabrough) and I both so I was happy to come here and be really competitive," McCumbee said. "I think there are several of similar tracks, another race here, and maybe we can pick up some more wins this year."

CARS Tour points leader Carson Kvapil ran the first half behind Shafer but developed a loose race car on short runs but rallied to fourth place with a pass over Bobby McCarty in the closing laps.

"It was a little bit but I thought we were pretty decent anytime we got going," Kvapil said. "Under pressure or trying to pick someone off, got loose, but I just can't thank Dale Jr and JR Motorsports enough for their work. Best car here and I dialed us out tonight, but I'll be better next time we come out here."

Even though Kvapil finished fourth with the best car, it was still a successful points night with Connor Hall finishing ninth. Kvapil provisionally has a 32-point lead over Kaden Honeycutt, whom finished third.

It was the kind of night that wins championships -- which is something Kvapil aims to accomplish.

"We're here to win races, and winning the championship would be huge," Kvapil said. "We didn't have the best night but neither did Hall or the 16. We want to win the championship here and nights like this go a long way towards that."

The CARS Tour season resumes on August 19-20 at Motor Mile Speedway on August 27 and then North Wilkesboro Speedway.

CARS Tour Puryear Tank Lines 125
Ace Speedway
August 12 2022

Jonathan Shafer Chad McCumbee Kaden Honeycutt Carson Kvapil Bobby McCarty Jared Fryar Chase Burrow Carter Langley Connor Hall Conner Jones Blake Stallings Braden Rogers Jacob Heafner Zack Miracle Brandon Pierce Trevor Ward Janson Machbanks Mason Diaz Hayden Swank Andrew Grady William Sawalich Deac McCaskill Dylan Ward Mini Tyrrell

-Liz Porter, CARS Tour Photo

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Cars & Bids Bargain of the Week: 2010 Maserati Quattroporte S - MotorBiscuit

2010 Maserati Quattroporte S on Cars & Bids article highlights:

The M139 Maserati Quattroporte is essentially a Ferrari sports sedan, and the 2009-2013 Quattroporte S is the more powerful, sportier version A 2010 model with just over 36K miles—and the ZF automatic—is currently available on Cars & Bids At its current $13,000 price it costs less than half of what similar used M139 Maserati Quattroporte S models cost, and isn’t as unreliable as many believe

Psst, hey, want a cheap, somewhat practical Italian luxury sports car? No, that’s not a setup for a joke, it’s what a used Maserati Quattroporte is. These stylish, sonorous sports sedans are surprisingly affordable, especially the fifth-gen ones. And though they’re not always cheap to run, they’re not all basket cases in waiting. Particularly not when they’re as clean as the 2010 Maserati Quattroporte S listed this week on Cars & Bids.

The 2009-2013 Maserati Quattroporte S made the Ferrari sport sedan even spicier

A gray 2009 'M139' Maserati Quattroporte S in a white studio2009 Maserati Quattroporte S | Maserati
2009-2013 ‘M139’ Maserati Quattroporte S
Engine 4.7-liter V8
Horsepower 425 hp
Torque 361 lb-ft
Transmission Six-speed automatic
Curb weight 4389 lbs
0-60 mph time 4.8 seconds

These days, Maserati and Ferrari are basically rivals. But a little over a decade ago, the Trident brand briefly bowed to the Prancing Horse as a subsidiary. And one of the few fruits of that short period was the fifth-gen version of Maserati’s long-running sedan, the Quattroporte. As such, the 2004-2013 Quattroporte is essentially a four-door Ferrari—and that’s not hyperbole.

For one, the ‘M139’ Quattroporte, aka the Quattroporte V, was designed by Ferrari’s long-time designer of choice, Pininfarina. Secondly, it has a full-fledged Ferrari V8 under its hood. Admittedly, it has a cross-plane crank rather than a flat-plane one, but it’s otherwise the same F136 V8 Ferrari put in the F430 and 458 Italia. The sedan even has a Ferrari-like weight distribution—or rather, had.

See, the first Maserati Quattroporte Vs had Ferrari F1-style single-clutch automated manuals packed in rear transaxles. On a racetrack or fast back road, they worked great. Everywhere else, though, especially in automatic mode, they were jerky, unrefined, and ate clutches relentlessly. So, in 2007, Maserati started swapping them out for ZF automatics, which meant a new drivetrain layout and weight distribution. But there were bigger changes to come.

In addition to a refresh for the 2009 model year, Maserati also introduced a new Quattroporte trim, the S. Compared to the base car, the S has a bigger engine, larger cross-drilled disc brakes, and standard adaptive shocks. As a result, it handles better, stops faster, and hits 60 mph 0.5 seconds sooner, Car and Driver says.

But the 2009-2013 Maserati Quattroporte S offers more than just sporty reflexes. It has a comfortable interior swathed in rich leather, though it’s less spacious than the equivalent 7 Series and S-Class. No S-Class, though, sings as mellifluous a note as that Ferrari-derived V8. Plus, compared to the contemporary 7 Series, the Quattroporte V looks far more timeless.

And now, one of these striking sports sedans could be yours.

You have a chance to win this 2010 model on Cars & Bids

The 4.7-liter V8 in a white 2010 Maserati Quattroporte S' black-colored engine bay2010 Maserati Quattroporte S engine bay | Cars & BidsThe brown-leather interior and dashboard of a 2010 Maserati Quattroporte SA 2010 Maserati Quattroporte S’ interior | Cars & BidsA used white 2010 Maserati Quattroporte S on a city street2010 Maserati Quattroporte S | Cars & Bids

RELATED: Maserati MC20 Cielo Offers Roof-Off Supercar Experience

As noted earlier, the M139 Quattroporte was designed to compete with the likes of BMW and Mercedes. So, the 2010 Maserati Quattroporte S currently listed on Cars & Bids has a wide array of luxury features.

In addition to the leather upholstery and adaptive shocks, this 2010 Quattroporte S has a leather-wrapped steering wheel, wood trim, GPS navigation, and a Bose audio system. Also, it has heated front seats, fog lights, front and rear parking sensors, and a sunroof. Furthermore, both its front and rear seats are power-operated. And apart from some paint protection film on the rear wheel arches, it’s stock.

Admittedly, that film is starting to yellow, so it might need replacement. But apart from that, some scattered scratches, and a mismatched tire, this 2010 Maserati Quattroporte S is in solid shape externally. As for the interior, the only flaws are some seat creases and sticky plastics, which is reportedly a common issue with Maseratis from this period. However, according to a Maserati dealer, the solution is occasional acetone cleaning and no sunbathing, the seller claims. And to be fair, even Toyota’s had problems with sticky plastics.

On the plus side, this 2010 Maserati Quattroporte S has less than 36,300 miles on the clock. It also has a clean history with numerous service records; also, the tires are less than a year old. And the seller just changed the oil and filter.

This used 2010 Maserati Quattroporte S is a luxury sport sedan bargain—and more reliable than you might think

RELATED: What’s The Cheapest New Maserati You Can Buy In 2022?

As of this writing, this 2010 Maserati Quattroporte S is listed at $13,000 with three days left in the auction. Keep in mind that in 2010, this car would’ve started at just over $130,000. And for comparison, the cheapest M139 S models with similar mileage usually start at $27,000 these days. In short, this is one heck of a luxury sports sedan bargain.

Given that it is a used high-end luxury sports sedan, a pre-purchase inspection is recommended. And as noted earlier, used Maseratis don’t always enjoy the best reputations for reliability. However, getting one with a ZF transmission means many long-term issues become non-issues. Furthermore, that 4.7-liter V8 is fairly stout, provided the timing variators aren’t rattling. And if you drive it regularly, the Quattroporte V doesn’t really have any electrical issues. But keep in mind that those adaptive shocks aren’t exactly cheap.

Still, this 2010 Maserati Quattroporte S is a whole lot of car for the price. And where else can you get a Ferrari sedan this cheap?

Follow more updates from MotorBiscuit on our Facebook page.

RELATED: Cars & Bids Bargain of the Week: 2013 Maserati GranTurismo MC Convertible

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