Automotive Properties Real Est Invt TR (TSE:APR.UN) PT Lowered to C$9.00 at Scotiabank

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective cut by Scotiabank from C$13.00 to C$9.00 in a research report released on Wednesday, BayStreet.CA reports.

A number of other brokerages have also recently issued reports on APR.UN. CIBC lowered their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$11.75 in a research note on Wednesday. National Bank Financial boosted their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an outperform rating in a research note on Monday, January 27th. Royal Bank of Canada lowered their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$11.00 and set a sector perform rating on the stock in a research note on Wednesday. Raymond James set a C$9.00 price objective on Automotive Properties Real Est Invt TR and gave the company a market perform rating in a research note on Wednesday. Finally, TD Securities boosted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.50 and gave the company a buy rating in a research note on Monday, December 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$10.63.

Automotive Properties Real Est Invt TR stock traded up C$1.68 during midday trading on Wednesday, reaching C$7.50. The stock had a trading volume of 433,337 shares, compared to its average volume of 25,437. Automotive Properties Real Est Invt TR has a 12 month low of C$6.00 and a 12 month high of C$12.89. The firm’s 50-day moving average price is C$10.85 and its 200 day moving average price is C$11.57. The firm has a market capitalization of $280.09 million and a PE ratio of 42.37. The company has a quick ratio of 0.01, a current ratio of 0.09 and a debt-to-equity ratio of 142.91.

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 Qu├ębec.

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

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