Automotive Properties Real Est Invt TR (TSE:APR.UN – Free Report) had its price target trimmed by Raymond James from C$12.50 to C$12.00 in a report issued on Wednesday, BayStreet.CA reports. The firm currently has an outperform rating on the stock.
A number of other brokerages have also commented on APR.UN. Laurentian raised shares of Automotive Properties Real Est Invt TR from a hold rating to a buy rating and set a C$12.50 price target on the stock in a report on Monday, January 22nd. Cormark increased their price target on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of C$12.31.
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Automotive Properties Real Est Invt TR Stock Performance
Automotive Properties Real Est Invt TR Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a $0.067 dividend. The ex-dividend date is Monday, April 29th. This represents a $0.80 annualized dividend and a yield of 8.16%. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is presently 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.
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