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

Automotive Properties Real Est Invt TR (TSE:APR.UN) reached a new 52-week high on Wednesday . The stock traded as high as C$12.78 and last traded at C$12.78, with a volume of 6388 shares traded. The stock had previously closed at C$12.73.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Royal Bank of Canada raised their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Raymond James boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. TD Securities increased their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th. Canaccord Genuity Group boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a research note on Monday, September 16th. Finally, BMO Capital Markets lifted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Automotive Properties Real Est Invt TR currently has an average rating of “Moderate Buy” and a consensus target price of C$12.71.

Automotive Properties Real Est Invt TR Trading Down 0.7 %

The firm has a market cap of C$617.05 million, a price-to-earnings ratio of 8.28 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The business has a 50 day moving average price of C$11.93 and a 200-day moving average price of C$10.72.

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 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.