Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$12.50 at TD Securities

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price upped by TD Securities from C$12.00 to C$12.50 in a report published on Monday, BayStreet.CA reports. They currently have a buy rating on the stock.

Several other brokerages have also weighed in on APR.UN. National Bank Financial raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock an outperform rating in a report on Monday. Raymond James reissued a market perform rating and set a C$12.00 price objective on shares of Automotive Properties Real Est Invt TR in a report on Monday. Finally, BMO Capital Markets decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$11.50 in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Automotive Properties Real Est Invt TR has a consensus rating of Buy and a consensus target price of C$12.05.

APR.UN stock traded up C$0.02 during mid-day trading on Monday, hitting C$12.00. 182,461 shares of the company were exchanged, compared to its average volume of 25,437. The company has a market capitalization of $357.56 million and a PE ratio of 36.14. The company has a current ratio of 1.61, a quick ratio of 1.49 and a debt-to-equity ratio of 139.66. Automotive Properties Real Est Invt TR has a twelve month low of C$8.45 and a twelve month high of C$11.77. The firm has a fifty day simple moving average of C$11.48 and a 200 day simple moving average of C$10.78.

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 15th were issued a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.70%. The ex-dividend date was Wednesday, October 30th. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is presently 240.96%.

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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