Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 1-Year High – What’s Next?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high on Friday. The company traded as high as C$12.72 and last traded at C$12.72, with a volume of 18,680 shares. The stock had previously closed at C$12.52.

Analyst Ratings Changes

APR.UN has been the topic of a number of research analyst reports. Canaccord Genuity Group cut Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and cut their price target for the stock from C$13.50 to C$12.75 in a report on Monday, October 26th. 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 company an “outperform” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$12.95.

Automotive Properties Real Est Invt TR Stock Up 1.4%

The company has a market cap of C$700.95 million, a P/E ratio of 11.31 and a beta of 0.72. The stock’s 50-day moving average price is C$11.93 and its 200-day moving average price is C$11.82. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Thursday, August 13th. The company reported C$0.27 EPS for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. The company had revenue of C$30.21 million during the quarter. As a group, research analysts forecast that Automotive Properties Real Est Invt TR will post 1.01 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.