Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) had its price objective dropped by equities researchers at Raymond James from C$12.50 to C$12.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 21.21% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Cormark boosted their price target on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Laurentian raised Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price target for the company in a report on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Hold” and a consensus target price of C$12.31.
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Automotive Properties Real Est Invt TR Price 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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