CIBC Forecasts Strong Price Appreciation for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by CIBC from C$12.75 to C$13.00 in a research note published on Friday morning,BayStreet.CA reports.

A number of other research analysts have also weighed in on APR.UN. Canaccord Genuity Group raised their price objective on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a research report on Monday, September 16th. TD Securities increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a report on Friday. Royal Bank of Canada increased their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. BMO Capital Markets increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Finally, Raymond James increased 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. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$12.94.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.17 during trading on Friday, reaching C$12.15. 22,036 shares of the stock traded hands, compared to its average volume of 24,208. The company has a market capitalization of C$595.96 million, a price-to-earnings ratio of 7.99 and a beta of 0.92. The business has a fifty day simple moving average of C$12.30 and a two-hundred day simple moving average of C$10.97. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a 52-week low of C$9.69 and a 52-week 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.