Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) had its price objective reduced by stock analysts at Raymond James from C$12.50 to C$12.00 in a report released on Wednesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James’ price objective points to a potential upside of 21.21% from the company’s previous close.
Several other analysts have also commented on APR.UN. Laurentian raised shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price target on the stock in a research report on Monday, January 22nd. Cormark lifted their price target on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research report on Tuesday, March 19th. Four investment 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 presently has a consensus rating of “Hold” and a consensus price target of C$12.31.
Check Out Our Latest Stock Report on APR.UN
Automotive Properties Real Est Invt TR Trading Down 1.3 %
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 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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