Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.50 Consensus Target Price from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been given an average rating of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.50.

APR.UN has been the topic of several recent analyst reports. Desjardins lowered their target price on shares of 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. Raymond James Financial dropped their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Scotiabank cut 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 for the company in a report on Friday, October 24th. Finally, National Bankshares boosted 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 report on Friday, October 24th.

Automotive Properties Real Est Invt TR Stock Up 0.1%

Shares of APR.UN opened at C$11.44 on Friday. Automotive Properties Real Est Invt TR has a 1 year low of C$9.04 and a 1 year high of C$11.91. The business’s 50 day simple moving average is C$11.14 and its 200-day simple moving average is C$11.22. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The stock has a market capitalization of C$620.72 million, a price-to-earnings ratio of 13.47 and a beta of 0.70.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.26 EPS for the quarter. The firm had revenue of C$25.40 million during 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, equities analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal 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.