BMO Capital Markets Boosts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective raised by equities research analysts at BMO Capital Markets from C$12.00 to C$12.50 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 2.04% from the company’s current price.

Several other research firms have also recently weighed in on APR.UN. TD Securities raised their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Raymond James lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Royal Bank of Canada lifted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Finally, Canaccord Genuity Group boosted their price target on 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. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.79.

Automotive Properties Real Est Invt TR Stock Down 1.1 %

TSE APR.UN traded down C$0.13 on Monday, reaching C$12.25. The company had a trading volume of 14,247 shares, compared to its average volume of 24,531. The stock has a market capitalization of C$600.86 million, a P/E ratio of 8.09 and a beta of 0.92. 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 company’s fifty day moving average is C$12.01 and its 200 day moving average is C$10.75. 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.