Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$12.25 at Raymond James

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective dropped by research analysts at Raymond James from C$12.75 to C$12.25 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would indicate a potential upside of 20.45% from the company’s previous close.

APR.UN has been the subject of a number of other research reports. CIBC decreased their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research report on Friday. TD Securities lowered their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research note on Friday. Canaccord Genuity Group cut their target price on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a research report on Thursday. Desjardins lowered their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday. Finally, Scotiabank boosted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and a consensus price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Up 1.7 %

Shares of APR.UN traded up C$0.17 during trading hours on Friday, hitting C$10.17. 24,145 shares of the company were exchanged, compared to its average volume of 25,804. 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 company has a market cap of C$498.84 million, a PE ratio of 6.69 and a beta of 0.92. The firm’s 50 day moving average is C$10.53 and its 200-day moving average is C$11.36. Automotive Properties Real Est Invt TR has a 52 week low of C$9.69 and a 52 week high of C$12.78.

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.