Automotive Properties Real Est Invt TR’s (APR.UN) Buy Rating Reaffirmed at Canaccord Genuity

Canaccord Genuity reaffirmed their buy rating on shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) in a research note released on Monday morning. Canaccord Genuity currently has a C$11.50 price target on the stock.

Other equities analysts also recently issued reports about the stock. National Bank Financial boosted their target price on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$12.00 in a research note on Monday. CIBC upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$12.00 in a report on Monday. Scotiabank set a C$12.50 price target on shares of Automotive Properties Real Est Invt TR and gave the company an outperform rating in a report on Friday, November 3rd. BMO Capital Markets reissued an outperform rating and issued a C$12.50 price objective on shares of Automotive Properties Real Est Invt TR in a research report on Monday, August 21st. Finally, Royal Bank Of Canada reissued a sector perform rating and issued a C$11.50 price objective on shares of Automotive Properties Real Est Invt TR in a research report on Monday, July 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of C$12.00.

Shares of Automotive Properties Real Est Invt TR (TSE APR.UN) traded up C$0.02 during trading on Monday, hitting C$11.10. 13,572 shares of the stock traded hands, compared to its average volume of 17,174. Automotive Properties Real Est Invt TR has a 1-year low of C$10.11 and a 1-year high of C$11.65.

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About Automotive Properties Real Est Invt TR

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.

Analyst Recommendations for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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