Canaccord Genuity Group Raises Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$13.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective hoisted by Canaccord Genuity Group from C$12.60 to C$13.50 in a report published on Monday morning, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms have also recently commented on APR.UN. Royal Bank of Canada lifted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Raymond James lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a report on Friday, September 6th. BMO Capital Markets upped their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 in a research note on Monday, August 19th. Finally, TD Securities lifted 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 research note on Wednesday, September 4th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of C$12.71.

Automotive Properties Real Est Invt TR Trading Down 1.0 %

Shares of APR.UN stock opened at C$11.99 on Monday. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The stock has a market cap of C$588.11 million, a P/E ratio of 7.89 and a beta of 0.90. The business has a fifty day simple moving average of C$10.85 and a 200-day simple moving average of C$10.34. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.59.

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.