Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$11.50 at National Bank Financial

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price increased by research analysts at National Bank Financial from C$11.00 to C$11.50 in a note issued to investors on Monday, BayStreet.CA reports. National Bank Financial’s price target would indicate a potential upside of 16.99% from the company’s previous close.

APR.UN has been the topic of a number of other reports. Scotiabank boosted their target price on Automotive Properties Real Est Invt TR from C$10.00 to C$10.75 in a research report on Monday, August 17th. Royal Bank of Canada boosted their price objective on Automotive Properties Real Est Invt TR from C$10.50 to C$11.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 18th. BMO Capital Markets raised their target price on shares of Automotive Properties Real Est Invt TR from C$10.00 to C$10.50 in a report on Monday, August 17th. TD Securities boosted their price target on shares of Automotive Properties Real Est Invt TR from C$10.50 to C$11.00 and gave the company a “buy” rating in a report on Monday, August 17th. Finally, CIBC upped their price target on shares of Automotive Properties Real Est Invt TR from C$9.25 to C$10.50 in a research report on Monday, August 17th.

Shares of TSE APR.UN traded down C$0.28 during trading on Monday, hitting C$9.83. The company had a trading volume of 66,226 shares, compared to its average volume of 110,652. Automotive Properties Real Est Invt TR has a 52 week low of C$5.30 and a 52 week high of C$12.89. The business’s 50-day moving average is C$10.04 and its 200 day moving average is C$9.05. The company has a market cap of $381.12 million and a P/E ratio of -138.17. The company has a debt-to-equity ratio of 138.19, a quick ratio of 0.20 and a current ratio of 0.27.

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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