Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 1-Year High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price reached a new 52-week high on Friday. The stock traded as high as C$13.10 and last traded at C$13.09, with a volume of 6,743 shares changing hands. The stock had previously closed at C$12.80.

Analysts Set New Price Targets

APR.UN has been the topic of a number of research analyst reports. Canaccord Genuity Group downgraded Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$13.50 to C$12.75 in a report on Monday, October 26th. Royal Bank Of Canada increased their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Hold” and a consensus target price of C$12.95.

Automotive Properties Real Est Invt TR Price Performance

The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a market cap of C$713.09 million, a PE ratio of 11.50 and a beta of 0.72. The firm has a 50 day moving average of C$12.01 and a two-hundred day moving average of C$11.86.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings data on Thursday, November 12th. The company reported C$0.64 earnings per share (EPS) 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$30.46 million during the quarter. Research analysts predict that Automotive Properties Real Est Invt TR will post 1.01 earnings per share for the current fiscal year.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.