Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Up 0.6% – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares shot up 0.6% on Monday . The stock traded as high as C$10.93 and last traded at C$10.90. 26,101 shares were traded during trading, a decline of 5% from the average session volume of 27,398 shares. The stock had previously closed at C$10.83.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on APR.UN. 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. National Bankshares boosted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “sector perform” rating in a research report 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. Finally, Scotiabank decreased their price objective 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. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.50.

Automotive Properties Real Est Invt TR Price Performance

The stock has a fifty day moving average of C$10.92 and a two-hundred day moving average of C$11.24. 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$591.42 million, a price-to-earnings ratio of 12.84 and a beta of 0.25.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.26 earnings per share for the quarter. The firm had revenue of C$25.40 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%. On average, equities research analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share 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.