BMO Capital Markets Cuts Automotive Properties Real Est Invt TR (APR.UN) Price Target to C$11.25

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price decreased by BMO Capital Markets from C$12.50 to C$11.25 in a research report report published on Friday morning.

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.

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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.

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 15th. Investors of record on Thursday, March 15th were issued a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 7.99%. The ex-dividend date was Tuesday, February 27th.

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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.

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

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