Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report)’s stock price hit a new 52-week low on Friday . The company traded as low as C$9.71 and last traded at C$9.73, with a volume of 8529 shares trading hands. The stock had previously closed at C$9.79.
Analyst Upgrades and Downgrades
Several brokerages have commented on APR.UN. Cormark raised their target price on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. 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 report on Wednesday, April 24th. Finally, Royal Bank of Canada dropped 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 report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$12.25.
Check Out Our Latest Research Report on APR.UN
Automotive Properties Real Est Invt TR Stock Down 0.7 %
Automotive Properties Real Est Invt TR Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were given a dividend of $0.067 per share. The ex-dividend date was Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 8.27%. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) 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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