Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Lowered to C$11.75 at CIBC

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target trimmed by CIBC from C$13.00 to C$11.75 in a report released on Wednesday, BayStreet.CA reports.

A number of other equities analysts have also recently weighed in on APR.UN. Royal Bank of Canada decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$11.00 and set a sector perform rating for the company in a research report on Wednesday. BMO Capital Markets increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.25 to C$13.00 in a research report on Tuesday, February 11th. National Bank Financial increased their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an outperform rating in a research report on Monday, January 27th. Scotiabank increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, January 8th. Finally, TD Securities increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.50 and gave the stock a buy rating in a research report 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 company currently has an average rating of Buy and an average target price of C$10.63.

TSE:APR.UN traded up C$1.68 on Wednesday, reaching C$7.50. The stock had a trading volume of 433,337 shares, compared to its average volume of 25,437. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of 142.91. The company has a 50-day moving average of C$10.85 and a 200 day moving average of C$11.57. The stock has a market cap of $280.09 million and a P/E ratio of 42.37. Automotive Properties Real Est Invt TR has a 12-month low of C$6.00 and a 12-month high of C$12.89.

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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