Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Expected to Rise, CIBC Analyst Says

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target increased by CIBC from C$12.75 to C$13.00 in a report issued on Friday,BayStreet.CA reports.

APR.UN has been the topic of a number of other research reports. TD Securities upped their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday. BMO Capital Markets raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Raymond James increased their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Royal Bank of Canada lifted their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Finally, Canaccord Genuity Group upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to 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 Stock Performance

The firm’s 50 day moving average price is C$12.30 and its two-hundred day moving average price is C$10.99. The stock has a market capitalization of C$585.66 million, a price-to-earnings ratio of 7.99 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a 52-week low of C$9.69 and a 52-week high of C$12.78.

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.