Other equities research analysts have also recently issued reports about the company. Scotiabank lowered their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.25 and set an outperform rating on the stock in a report on Thursday, March 22nd. Raymond James Financial reiterated a market perform rating on shares of Automotive Properties Real Est Invt TR in a report on Tuesday, January 30th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of C$11.75.
TSE:APR.UN opened at C$10.06 on Friday. Automotive Properties Real Est Invt TR has a 52 week low of C$9.87 and a 52 week high of C$11.65.
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About Automotive Properties Real Est Invt TR
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.
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