Automotive Properties Real Est Invt TR (TSE:APR.UN) Given New C$12.50 Price Target at BMO Capital Markets

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by investment analysts at BMO Capital Markets from C$12.00 to C$12.50 in a report issued on Friday,BayStreet.CA reports. The firm currently has a “market perform” rating on the stock. BMO Capital Markets’ target price would indicate a potential upside of 6.66% from the company’s current price.

APR.UN has been the subject of a number of other research reports. Raymond James Financial upped their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday. Canaccord Genuity Group increased their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$12.50 to C$13.00 in a research note on Friday. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$12.67.

Automotive Properties Real Est Invt TR Stock Performance

Shares of APR.UN traded down C$0.02 during trading hours on Friday, hitting C$11.72. The stock had a trading volume of 30,799 shares, compared to its average volume of 42,308. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a 50-day moving average price of C$11.35 and a 200 day moving average price of C$11.24. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.04 and a fifty-two week high of C$11.91. The firm has a market capitalization of C$635.92 million, a price-to-earnings ratio of 13.80 and a beta of 0.73.

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.