Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by Scotiabank from C$12.50 to C$13.00 in a report released on Wednesday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. 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 research note on Friday, September 6th. TD Securities raised their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Canaccord Genuity Group upped 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 note on Monday, September 16th. CIBC lifted their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Finally, Royal Bank of Canada upped their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company 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 TSE:APR.UN opened at C$11.55 on Wednesday. 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 12 month low of C$9.69 and a 12 month high of C$12.78. The firm has a market capitalization of C$566.53 million, a P/E ratio of 7.64 and a beta of 0.92. The company’s fifty day moving average price is C$12.29 and its 200 day moving average price is C$11.01.

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.