Royal Bank of Canada Trims Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price to C$11.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lowered by Royal Bank of Canada from C$12.50 to C$11.00 in a research report report published on Wednesday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other equities research analysts have also recently commented on the company. National Bank Financial increased their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an outperform rating in a report on Monday, January 27th. Raymond James cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$9.00 and set a market perform rating for the company in a report on Wednesday, March 18th. BMO Capital Markets increased their price target on Automotive Properties Real Est Invt TR from C$12.25 to C$13.00 in a report on Tuesday, February 11th. TD Securities increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.50 and gave the company a buy rating in a report on Monday, December 30th. Finally, Scotiabank increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has a consensus rating of Buy and an average price target of C$10.63.

Shares of Automotive Properties Real Est Invt TR stock traded up C$1.68 during mid-day trading on Wednesday, reaching C$7.50. 433,337 shares of the stock traded hands, compared to its average volume of 25,437. The business has a 50-day moving average of C$10.85 and a 200 day moving average of C$11.57. Automotive Properties Real Est Invt TR has a fifty-two week low of C$6.00 and a fifty-two week high of C$12.89. The stock has a market capitalization of $280.09 million and a PE ratio of 42.37. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of 142.91.

Automotive Properties Real Est Invt TR Company Profile

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 Qu├ębec.

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