Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 52-Week High at $12.15

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as C$12.15 and last traded at C$12.15, with a volume of 14953 shares. The stock had previously closed at C$12.08.

Analysts Set New Price Targets

Several brokerages recently commented on APR.UN. Canaccord Genuity Group raised their price objective on 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 increased their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. TD Securities increased their target price on 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. 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 report on Monday, August 19th. Finally, BMO Capital Markets increased their target price on Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a report on Monday, August 19th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and an average target price of C$12.57.

Automotive Properties Real Est Invt TR Price Performance

The firm has a market capitalization of C$612.63 million, a price-to-earnings ratio of 8.09 and a beta of 0.90. The company’s 50 day moving average is C$10.61 and its 200-day moving average is C$10.27. 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 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.