Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective upped by investment analysts at National Bank Financial from C$12.00 to C$13.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 8.88% from the company’s previous close.
Several other analysts also recently commented on APR.UN. BMO Capital Markets lowered their price objective on Automotive Properties Real Est Invt TR from C$11.75 to C$11.50 in a research note on Friday, August 16th. Raymond James reissued an “outperform” rating and issued a C$11.50 price objective on shares of Automotive Properties Real Est Invt TR in a research note on Friday, August 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Automotive Properties Real Est Invt TR currently has an average rating of “Buy” and an average price target of C$12.05.
Shares of Automotive Properties Real Est Invt TR stock traded up C$0.16 on Monday, hitting C$11.94. The company had a trading volume of 86,544 shares, compared to its average volume of 25,437. The stock has a market capitalization of $355.18 million and a price-to-earnings ratio of 35.96. Automotive Properties Real Est Invt TR has a 1 year low of C$8.45 and a 1 year high of C$11.77. The stock has a 50 day moving average of C$11.44 and a 200-day moving average of C$10.76. The company has a debt-to-equity ratio of 139.66, a quick ratio of 1.49 and a current ratio of 1.61.
Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.
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