Royal Bank of Canada Raises Automotive Properties Real Est Invt TR (APR.UN) Price Target to C$11.25
Automotive Properties Real Est Invt TR (TSE:APR.UN) had its target price boosted by Royal Bank of Canada from C$11.00 to C$11.25 in a report published on Monday morning. The brokerage currently has a sector perform rating on the stock.
APR.UN has been the topic of several other reports. BMO Capital Markets decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$11.25 to C$11.00 and set an outperform rating on the stock in a report on Monday, November 26th. Raymond James upgraded shares of Automotive Properties Real Est Invt TR from a market perform rating to an outperform rating and set a C$10.00 price objective on the stock in a report on Monday, December 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of C$11.33.
TSE APR.UN opened at C$10.80 on Monday. Automotive Properties Real Est Invt TR has a 1 year low of C$9.87 and a 1 year high of C$11.65.
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 42 income-producing commercial properties, representing approximately 1.7 million square feet of gross leasable area, and one development property, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.
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