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

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price target lowered by 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.

APR.UN has been the topic of a number of other reports. Laurentian upgraded Automotive Properties Real Est Invt TR from a hold rating to a buy rating and set a C$12.50 price objective on the stock in a research report on Monday, January 22nd. Cormark upped their price objective on 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 company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of C$12.31.

Automotive Properties Real Est Invt TR Price Performance

Shares of Automotive Properties Real Est Invt TR stock opened at C$10.03 on Wednesday. The stock has a 50 day moving average of C$10.25 and a 200 day moving average of C$10.41. Automotive Properties Real Est Invt TR has a 12 month low of C$9.71 and a 12 month high of C$12.00. The firm has a market cap of C$398.49 million, a PE ratio of 7.84 and a beta of 0.87. The company has a current ratio of 0.78, a quick ratio of 0.02 and a debt-to-equity ratio of 117.71.

Automotive Properties Real Est Invt TR Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be issued a $0.067 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.80 annualized dividend and a dividend yield of 8.02%. Automotive Properties Real Est Invt TR’s payout ratio 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.