Scotiabank Issues Positive Forecast for Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price lifted by investment analysts at Scotiabank from C$12.50 to C$13.00 in a note issued to investors on Wednesday,BayStreet.CA reports. Scotiabank’s target price would suggest a potential upside of 11.97% from the stock’s previous close.

Several other research firms have also recently weighed in on APR.UN. Canaccord Genuity Group raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a research report on Monday, September 16th. TD Securities boosted their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research report on Friday, November 15th. Raymond James lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. CIBC lifted their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$12.94.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.04 during trading on Wednesday, hitting C$11.61. The stock had a trading volume of 8,172 shares, compared to its average volume of 24,271. The firm has a market cap of C$569.47 million, a P/E ratio of 7.64 and a beta of 0.92. Automotive Properties Real Est Invt TR has a fifty-two week low of C$9.69 and a fifty-two week high of C$12.78. 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 business has a fifty day moving average of C$12.29 and a two-hundred day moving average of C$11.01.

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 dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.