Desjardins Issues Pessimistic Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective cut by investment analysts at Desjardins from C$13.00 to C$12.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target would indicate a potential upside of 17.99% from the stock’s previous close.

Several other research firms also recently weighed in on APR.UN. Raymond James decreased their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. Canaccord Genuity Group lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Thursday. TD Securities cut their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a report on Friday. National Bankshares set a C$13.00 price objective on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Scotiabank lifted their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Trading Up 1.7 %

APR.UN traded up C$0.17 during trading on Friday, hitting C$10.17. 24,145 shares of the stock were exchanged, compared to its average volume of 25,804. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a 50 day simple moving average of C$10.53 and a 200 day simple moving average of C$11.36. The firm has a market cap of C$498.84 million, a price-to-earnings ratio of 6.69 and a beta of 0.92. Automotive Properties Real Est Invt TR has a 1 year low of C$9.69 and a 1 year high of C$12.78.

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.