Raymond James Cuts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective decreased by equities researchers at Raymond James from C$12.50 to C$12.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 19.76% from the stock’s previous close.

A number of other research analysts have also commented on the company. Cormark upped their target price on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th. Laurentian upgraded shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$12.31.

Automotive Properties Real Est Invt TR Stock Performance

Shares of Automotive Properties Real Est Invt TR stock traded down C$0.07 during trading on Wednesday, reaching C$10.02. The company’s stock had a trading volume of 7,829 shares, compared to its average volume of 25,290. The business’s fifty day moving average price is C$10.26 and its 200-day moving average price is C$10.42. Automotive Properties Real Est Invt TR has a one year low of C$9.71 and a one year high of C$12.00. The firm has a market cap of C$398.09 million, a price-to-earnings ratio of 7.85 and a beta of 0.87. The company has a debt-to-equity ratio of 117.71, a quick ratio of 0.02 and a current ratio of 0.78.

About Automotive Properties Real Est Invt TR

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.