Desjardins Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target cut by investment analysts at Desjardins from C$13.00 to C$12.50 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 12.61% from the company’s previous close.

A number of other analysts also recently weighed in on APR.UN. Scotiabank reduced their target price 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 report on Friday. TD Securities lifted their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Friday, August 15th. Finally, National Bankshares lifted their price target on shares of 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 note on Friday. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.47.

Automotive Properties Real Est Invt TR Stock Performance

Automotive Properties Real Est Invt TR stock opened at C$11.10 on Friday. The company’s 50-day moving average price is C$11.41 and its 200-day moving average price is C$11.09. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$12.50. 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 market cap of C$545.20 million, a PE ratio of 15.81 and a beta of 0.09.

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.