Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) had its price objective raised by equities research analysts at BMO Capital Markets from C$12.00 to C$12.50 in a research report issued on Monday, BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 2.04% from the company’s current price.
Several other research firms have also recently weighed in on APR.UN. TD Securities raised their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Wednesday, September 4th. Raymond James lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research report on Friday, September 6th. Royal Bank of Canada lifted their price objective on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research note on Monday, August 19th. Finally, Canaccord Genuity Group boosted their price target on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.79.
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Automotive Properties Real Est Invt TR Stock Down 1.1 %
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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