Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Down 0.6% – Here’s What Happened

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price was down 0.6% during trading on Tuesday . The company traded as low as C$11.48 and last traded at C$11.52. Approximately 52,278 shares changed hands during mid-day trading, an increase of 27% from the average daily volume of 41,230 shares. The stock had previously closed at C$11.59.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on APR.UN shares. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Canaccord Genuity Group boosted 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, March 6th. Raymond James Financial boosted their price target on 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, March 6th. Finally, BMO Capital Markets boosted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research report on Friday, March 6th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus price target of C$12.69.

Automotive Properties Real Est Invt TR Price 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 has a market capitalization of C$636.92 million, a PE ratio of 14.06 and a beta of 0.66. The company has a 50-day moving average of C$11.48 and a 200 day moving average of C$11.21.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings results on Wednesday, March 4th. The company reported C$0.27 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%. Sell-side analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 EPS 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.