Raymond James Cuts Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target to C$12.00

Automotive Properties Real Est Invt TR (TSE:APR.UN - Free Report) had its price objective reduced by Raymond James from C$12.50 to C$12.00 in a research note published on Wednesday morning, BayStreet.CA reports. Raymond James currently has an outperform rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Cormark boosted 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 Automotive Properties Real Est Invt TR from a hold rating to a buy rating and set a C$12.50 target price for the company in a research note on Monday, January 22nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Automotive Properties Real Est Invt TR currently has an average rating of Hold and a consensus price target of C$12.31.

Automotive Properties Real Est Invt TR Stock Down 0.6 %

Shares of APR.UN traded down C$0.06 during midday trading on Wednesday, hitting C$10.03. The company had a trading volume of 17,685 shares, compared to its average volume of 25,422. The company's 50-day simple moving average is C$10.26 and its 200-day simple moving average is C$10.42. The company has a debt-to-equity ratio of 117.71, a quick ratio of 0.02 and a current ratio of 0.78. The firm has a market capitalization of C$398.49 million, a P/E ratio of 7.84 and a beta of 0.87. Automotive Properties Real Est Invt TR has a 1 year low of C$9.71 and a 1 year high of C$12.00.

Automotive Properties Real Est Invt TR Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 8.02%. The ex-dividend date is Monday, April 29th. Automotive Properties Real Est Invt TR's dividend payout ratio (DPR) is 62.50%.

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.