Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$12.50.

A number of research firms have issued reports on APR.UN. National Bankshares upped their target price 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 report on Friday, October 24th. Raymond James Financial cut their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.50 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Scotiabank decreased their target price 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, Desjardins lowered their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Friday, October 24th.

Automotive Properties Real Est Invt TR Stock Performance

TSE:APR.UN opened at C$11.35 on Monday. Automotive Properties Real Est Invt TR has a 12 month low of C$9.04 and a 12 month high of C$11.91. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market capitalization of C$615.84 million, a PE ratio of 13.37 and a beta of 0.58. The business’s fifty day moving average price is C$11.00 and its 200 day moving average price is C$11.23.

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