Automotive Properties Real Est Invt TR (APR.UN) Receives Consensus Rating of “Buy” from Analysts
Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given a consensus rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$11.88.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and issued a C$12.50 price target on shares of Automotive Properties Real Est Invt TR in a research note on Monday, August 21st. Royal Bank Of Canada restated a “sector perform” rating and issued a C$11.50 price target on shares of Automotive Properties Real Est Invt TR in a research note on Monday, July 24th. Finally, CIBC increased their price target on Automotive Properties Real Est Invt TR from C$11.25 to C$11.75 in a research note on Monday, May 15th.
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Automotive Properties Real Est Invt TR Company Profile
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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