CIBC Reaffirms “Outperform” Rating for Automotive Properties Real Est Invt TR (APR.UN)

CIBC reissued their outperform rating on shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) in a research note released on Thursday. They currently have a C$11.25 price target on the stock.

Separately, TD Securities set a C$12.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company a buy rating in a report on Thursday, February 9th.

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Automotive Properties Real Est Invt TR Company Profile

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.

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