Canaccord Genuity Group Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$13.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective cut by equities researchers at Canaccord Genuity Group from C$13.50 to C$13.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 29.48% from the stock’s previous close.

APR.UN has been the topic of several other reports. TD Securities raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a research report on Friday, November 15th. National Bankshares set a C$13.00 price objective on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday, December 20th. Raymond James reduced their target price on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. CIBC boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Finally, Scotiabank lifted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.98.

Automotive Properties Real Est Invt TR Price Performance

TSE:APR.UN traded down C$0.25 during trading hours on Thursday, reaching C$10.04. 22,101 shares of the company traded hands, compared to its average volume of 25,546. The stock has a market cap of C$492.46 million, a P/E ratio of 6.61 and a beta of 0.92. The firm’s 50-day moving average is C$10.55 and its 200-day moving average is C$11.37. Automotive Properties Real Est Invt TR has a 1-year low of C$9.69 and a 1-year high of C$12.78. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02.

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.