Automotive Properties Real Est Invt TR’s (APR.UN) “Outperform” Rating Reiterated at BMO Capital Markets

BMO Capital Markets reaffirmed their outperform rating on shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) in a research note published on Wednesday, March 27th, BayStreet.CA reports. They currently have a C$11.00 price objective on the stock.

A number of other equities analysts have also weighed in on the company. Raymond James upped their target price on Automotive Properties Real Est Invt TR from C$10.00 to C$11.50 and gave the stock an outperform rating in a research note on Tuesday, March 26th. Royal Bank of Canada upped their target price on Automotive Properties Real Est Invt TR from C$11.00 to C$11.25 and gave the stock a sector perform rating in a research note on Monday, March 25th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Automotive Properties Real Est Invt TR presently has a consensus rating of Buy and an average price target of C$11.33.

Shares of TSE APR.UN traded up C$0.08 during trading on Wednesday, reaching C$10.73. 57,259 shares of the stock traded hands, compared to its average volume of 25,437. Automotive Properties Real Est Invt TR has a 52-week low of C$9.87 and a 52-week high of C$11.65.

The company also recently announced a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Monday, April 15th were paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date was Thursday, March 28th.

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

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