Automotive Properties Real Est Invt TR (TSE:APR.UN – Free Report) had its price objective trimmed by Raymond James from C$12.50 to C$12.00 in a report released on Wednesday morning, BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.
Several other equities research analysts also recently commented on the stock. Cormark upped their price objective on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Laurentian raised shares of Automotive Properties Real Est Invt TR from a hold rating to a buy rating and set a C$12.50 price target on the stock in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of C$12.31.
View Our Latest Report on APR.UN
Automotive Properties Real Est Invt TR Price Performance
Automotive Properties Real Est Invt TR Dividend Announcement
The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Monday, April 29th. Automotive Properties Real Est Invt TR’s payout ratio is 62.50%.
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 Québec.
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