Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 12-Month High – Still a Buy?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$12.61 and last traded at C$12.58, with a volume of 30101 shares. The stock had previously closed at C$12.44.

Analyst Upgrades and Downgrades

APR.UN has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price 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 increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. BMO Capital Markets boosted their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research report on Monday, August 19th. Canaccord Genuity Group raised their price target 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 report on Monday, September 16th. Finally, TD Securities raised their target price 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 report on Wednesday, September 4th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$12.71.

Automotive Properties Real Est Invt TR Stock Performance

The company has a market cap of C$621.46 million, a PE ratio of 8.32 and a beta of 0.92. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The business’s 50 day moving average is C$11.71 and its two-hundred day moving average is C$10.64.

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.