Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) had its price objective decreased by equities researchers at Raymond James from C$12.50 to C$12.00 in a research note issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 19.76% from the stock’s previous close.
A number of other research analysts have also commented on the company. Cormark upped their target price on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th. Laurentian upgraded shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a research note on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$12.31.
View Our Latest Research Report on APR.UN
Automotive Properties Real Est Invt TR Stock Performance
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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