Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$13.00 Price Target at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective boosted by equities researchers at TD Securities from C$12.00 to C$13.00 in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “hold” rating on the stock. TD Securities’ target price indicates a potential upside of 6.30% from the company’s previous close.

Several other analysts have also recently weighed in on the company. Raymond James lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. Royal Bank of Canada boosted 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. BMO Capital Markets boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Finally, Canaccord Genuity Group boosted their price target on 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. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

TSE APR.UN traded down C$0.09 on Friday, hitting C$12.23. 12,315 shares of the stock were exchanged, compared to its average volume of 24,164. 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 business’s fifty day moving average is C$12.29 and its 200 day moving average is C$10.96. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78. The company has a market capitalization of C$599.88 million, a PE ratio of 8.05 and a beta of 0.92.

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 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.