Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives Average Rating of “Moderate Buy” from Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$12.69.

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

Automotive Properties Real Est Invt TR Stock Down 1.1%

APR.UN stock opened at C$11.22 on Tuesday. Automotive Properties Real Est Invt TR has a one year low of C$9.04 and a one year high of C$11.91. The stock has a market capitalization of C$608.79 million, a PE ratio of 13.66 and a beta of 0.73. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The company has a fifty day moving average of C$11.45 and a 200-day moving average of C$11.21.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. As a group, 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.