Raymond James Lowers Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.75

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target reduced by investment analysts at Raymond James from C$13.75 to C$12.75 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ target price points to a potential upside of 19.61% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. CIBC increased their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Canaccord Genuity Group increased 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 report on Monday, September 16th. TD Securities raised their target price on 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. BMO Capital Markets raised their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Finally, National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$12.93.

Automotive Properties Real Est Invt TR Stock Up 1.8 %

Shares of TSE:APR.UN traded up C$0.19 during trading on Monday, hitting C$10.66. 42,367 shares of the company were exchanged, compared to its average volume of 29,266. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. The firm has a fifty day moving average price of C$11.32 and a two-hundred day moving average price of C$11.29. The stock has a market cap of C$522.87 million, a price-to-earnings ratio of 7.01 and a beta of 0.92.

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.