Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective increased by Royal Bank of Canada from C$11.50 to C$12.50 in a research note issued to investors on Monday morning, BayStreet.CA reports.

A number of other analysts have also recently commented on the stock. Canaccord Genuity Group boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 and gave the stock a buy rating in a research note on Tuesday, July 30th. Raymond James cut their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an outperform rating for the company in a research note on Wednesday, April 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR presently has a consensus rating of Moderate Buy and a consensus price target of C$12.50.

Automotive Properties Real Est Invt TR Price Performance

Automotive Properties Real Est Invt TR stock opened at C$10.94 on Monday. The company has a debt-to-equity ratio of 113.62, a quick ratio of 0.02 and a current ratio of 0.52. The company’s fifty day moving average price is C$10.15 and its 200 day moving average price is C$10.18. The stock has a market capitalization of C$536.61 million, a P/E ratio of 7.20 and a beta of 0.91. Automotive Properties Real Est Invt TR has a 1 year low of C$9.69 and a 1 year high of C$11.22.

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.