Automotive Properties Real Est Invt TR (TSE:APR.UN) Trading 0.2% Higher – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price rose 0.2% on Thursday . The company traded as high as C$11.29 and last traded at C$11.23. Approximately 20,595 shares were traded during trading, a decline of 48% from the average daily volume of 39,989 shares. The stock had previously closed at C$11.21.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on APR.UN shares. Desjardins lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a report on Friday, October 24th. National Bankshares lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Scotiabank cut their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a research report on Friday, October 24th. Finally, Raymond James Financial decreased their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a report on Thursday, November 20th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.50.

Automotive Properties Real Est Invt TR Stock Performance

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’s fifty day moving average is C$10.95 and its two-hundred day moving average is C$11.24. The firm has a market capitalization of C$609.33 million, a price-to-earnings ratio of 13.22 and a beta of 0.58.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings data on Thursday, November 13th. The company reported C$0.26 EPS for the quarter. The company had revenue of C$25.40 million during the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. On average, analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.