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 an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is C$12.50.

APR.UN has been the topic of a number of research reports. Desjardins lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research note on Friday, October 24th. Scotiabank lowered their price target 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. 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 for the company in a report on Thursday, November 20th. Finally, National Bankshares lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, October 24th.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock opened at C$11.35 on Monday. The business’s 50 day simple moving average is C$11.00 and its 200 day simple moving average is C$11.23. 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 company has a market cap of C$615.84 million, a price-to-earnings ratio of 13.37 and a beta of 0.58. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%.The firm had revenue of C$25.40 million for the quarter. Sell-side analysts forecast 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.