Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given a C$13.00 price objective by National Bank Financial in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 6.82% from the stock’s current price.
Several other equities research analysts also recently issued reports on APR.UN. TD Securities increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Monday, November 18th. Raymond James reaffirmed a “market perform” rating and set a C$12.00 target price on shares of Automotive Properties Real Est Invt TR in a research note on Monday, November 18th. Royal Bank of Canada upped their target price on Automotive Properties Real Est Invt TR from C$11.25 to C$12.50 and gave the company a “sector perform” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets reduced their price target on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$11.50 in a research report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of C$12.30.
Shares of APR.UN stock traded up C$0.13 on Wednesday, reaching C$12.17. 673,532 shares of the company’s stock traded hands, compared to its average volume of 25,437. The company has a market capitalization of $363.52 million and a P/E ratio of 68.76. Automotive Properties Real Est Invt TR has a 12-month low of C$8.45 and a 12-month high of C$12.31. The company has a debt-to-equity ratio of 142.91, a quick ratio of 0.01 and a current ratio of 0.09. The business’s 50 day moving average price is C$11.71 and its two-hundred day moving average price is C$10.89.
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 Québec.
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