Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 12-Month High – Should You Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN) reached a new 52-week high during mid-day trading on Wednesday. The company traded as high as C$12.59 and last traded at C$12.51, with a volume of 27,021 shares traded. The stock had previously closed at C$12.35.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada upped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and an average target price of C$12.88.

Automotive Properties Real Est Invt TR Price Performance

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 stock has a market cap of C$684.39 million, a price-to-earnings ratio of 11.04 and a beta of 0.74. The company’s 50-day moving average is C$11.89 and its 200-day moving average is C$11.93.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share 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 company had revenue of C$30.21 million for the quarter. Equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current fiscal 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.