Raymond James 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 target lowered by Raymond James from C$12.75 to C$12.25 in a research note released on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Several other research firms also recently weighed in on APR.UN. TD Securities cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a research note on Friday. Canaccord Genuity Group cut their price target on 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 note on Thursday. Desjardins cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday. Scotiabank increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Finally, CIBC cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Friday. Two 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 stock has an average rating of “Moderate Buy” and a consensus price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.5 %

APR.UN stock opened at C$10.15 on Friday. 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 company has a market capitalization of C$497.86 million, a price-to-earnings ratio of 6.68 and a beta of 0.92. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. The stock has a fifty day moving average of C$10.52 and a 200-day moving average of C$11.35.

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.