Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Cut to C$11.00 by Analysts at Royal Bank of Canada

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target reduced by Royal Bank of Canada from C$12.50 to C$11.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the stock.

APR.UN has been the topic of a number of other research reports. BMO Capital Markets lifted their price objective on Automotive Properties Real Est Invt TR from C$12.25 to C$13.00 in a research note on Tuesday, February 11th. National Bank Financial lifted their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an outperform rating in a report on Monday, January 27th. Scotiabank lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, January 8th. Raymond James dropped their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$9.00 and set a market perform rating for the company in a report on Wednesday, March 18th. Finally, TD Securities lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.50 and gave the stock a buy rating in a report on Monday, December 30th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of C$10.63.

APR.UN traded up C$1.68 on Wednesday, hitting C$7.50. 433,337 shares of the company’s stock traded hands, compared to its average volume of 25,437. The company’s 50 day simple moving average is C$10.85 and its 200-day simple moving average is C$11.57. The firm has a market cap of $280.09 million and a price-to-earnings ratio of 42.37. Automotive Properties Real Est Invt TR has a one year low of C$6.00 and a one year high of C$12.89. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of 142.91.

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 Qu├ębec.

Featured Article: Derivative

Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)

Receive News & Ratings for Automotive Properties Real Est Invt TR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automotive Properties Real Est Invt TR and related companies with MarketBeat.com's FREE daily email newsletter.