Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) shares rose 0.7% on Friday . The stock traded as high as C$10.01 and last traded at C$9.96. Approximately 22,085 shares were traded during trading, a decline of 3% from the average daily volume of 22,667 shares. The stock had previously closed at C$9.89.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on APR.UN. Raymond James dropped their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 24th. Royal Bank of Canada cut their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a research note on Friday, May 17th. Finally, Cormark raised their target price on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research report on Tuesday, March 19th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Hold” and an average price target of C$12.21.
Check Out Our Latest Stock Report on APR.UN
Automotive Properties Real Est Invt TR Stock Up 0.7 %
Automotive Properties Real Est Invt TR Announces Dividend
The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a $0.067 dividend. The ex-dividend date of this dividend was Monday, April 29th. This represents a $0.80 annualized dividend and a yield of 8.07%. Automotive Properties Real Est Invt TR’s dividend payout ratio is 57.97%.
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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