Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 12-Month High – Time to Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price reached a new 52-week high during trading on Friday. The company traded as high as C$13.10 and last traded at C$13.09, with a volume of 6,743 shares changing hands. The stock had previously closed at C$12.80.

Analysts Set New Price Targets

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

Automotive Properties Real Est Invt TR Trading Up 0.9%

The stock has a market capitalization of C$713.09 million, a PE ratio of 11.50 and a beta of 0.72. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The stock has a 50 day moving average price of C$12.01 and a 200-day moving average price of C$11.86.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Thursday, November 12th. The company reported C$0.64 earnings per share (EPS) for the quarter. The business had revenue of C$30.46 million during the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. Sell-side analysts expect that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current year.

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 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.