Automotive Properties Real Est Invt TR (APR.UN) Hits New 52-Week Low at $9.32

Share on StockTwits

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price hit a new 52-week low during trading on Thursday . The company traded as low as C$9.32 and last traded at C$9.54, with a volume of 49075 shares trading hands. The stock had previously closed at C$9.53.

A number of brokerages have recently commented on APR.UN. National Bank Financial reissued a “sector perform” rating and issued a C$11.00 target price on shares of Automotive Properties Real Est Invt TR in a research note on Wednesday, September 26th. Canaccord Genuity cut their target price on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$11.00 in a research note on Monday, October 29th. BMO Capital Markets cut their target price on shares of Automotive Properties Real Est Invt TR from C$11.25 to C$11.00 and set an “outperform” rating on the stock in a research note on Monday, November 26th. Finally, Royal Bank of Canada cut their target price on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$11.00 and set a “sector perform” rating on the stock in a research note on Friday, November 16th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Automotive Properties Real Est Invt TR presently has an average rating of “Hold” and an average target price of C$11.25.

The company also recently declared a monthly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 17th will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend is Thursday, November 29th.

ILLEGAL ACTIVITY NOTICE: “Automotive Properties Real Est Invt TR (APR.UN) Hits New 52-Week Low at $9.32” was first posted by Equities Focus and is the property of of Equities Focus. If you are viewing this story on another site, it was illegally stolen and reposted in violation of international copyright and trademark legislation. The original version of this story can be viewed at https://www.equitiesfocus.com/2018/12/08/automotive-properties-real-est-invt-tr-apr-un-hits-new-52-week-low-at-9-32.html.

Automotive Properties Real Est Invt TR Company Profile (TSE:APR.UN)

Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.

Read More: Can individual investors take part in an IPO?

Receive News & Ratings for Automotive Properties Real Est Invt TR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automotive Properties Real Est Invt TR and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply