Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 1-Year High – What’s Next?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high during trading on Friday. The company traded as high as C$12.72 and last traded at C$12.72, with a volume of 18,680 shares trading hands. The stock had previously closed at C$12.52.

Analyst Ratings Changes

APR.UN has been the subject of several recent research reports. Canaccord Genuity Group downgraded shares of Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$13.50 to C$12.75 in a research report on Monday, October 26th. Royal Bank Of Canada raised their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$12.95.

Automotive Properties Real Est Invt TR Stock Performance

The company has a market cap of C$700.95 million, a PE ratio of 11.31 and a beta of 0.72. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company has a 50-day moving average of C$11.93 and a 200-day moving average of C$11.82.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$30.21 million during the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. As a group, analysts anticipate that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current year.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.