Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Has Average Price Target of C$12.88

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$12.88.

Separately, Royal Bank Of Canada lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday, August 18th.

Automotive Properties Real Est Invt TR Stock Up 0.2%

Shares of Automotive Properties Real Est Invt TR stock opened at C$11.59 on Tuesday. The business’s fifty day moving average price is C$12.00 and its two-hundred day moving average price is C$11.87. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company has a market capitalization of C$629.46 million, a P/E ratio of 10.32 and a beta of 0.66. Automotive Properties Real Est Invt TR has a 1-year low of C$10.68 and a 1-year high of C$12.52.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Thursday, August 13th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$30.21 million for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. As a group, research analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

About Automotive Properties Real Est Invt TR

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.