Raymond James Trims Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lowered by Raymond James from C$12.50 to C$12.00 in a research note released on Wednesday, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

A number of other brokerages have also commented on APR.UN. Laurentian upgraded Automotive Properties Real Est Invt TR from a hold rating to a buy rating and set a C$12.50 price objective for the company in a research report on Monday, January 22nd. Cormark raised their price target on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has a consensus rating of Hold and a consensus target price of C$12.31.

Automotive Properties Real Est Invt TR Trading Down 0.5 %

Shares of TSE APR.UN opened at C$9.85 on Wednesday. Automotive Properties Real Est Invt TR has a one year low of C$9.71 and a one year high of C$12.00. The firm has a market capitalization of C$391.34 million, a PE ratio of 7.70 and a beta of 0.87. The company has a current ratio of 0.78, a quick ratio of 0.02 and a debt-to-equity ratio of 117.71. The business has a 50-day moving average price of C$10.22 and a two-hundred day moving average price of C$10.41.

Automotive Properties Real Est Invt TR Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid 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%.

About Automotive Properties Real Est Invt TR

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.