National Bank Financial set a C$11.00 price objective on Automotive Properties Real Est Invt TR (TSE:APR.UN) in a research note released on Wednesday. The firm currently has a sector perform rating on the stock.
Shares of TSE APR.UN opened at C$10.28 on Wednesday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.87 and a 12-month high of C$11.65.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.067 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 annualized dividend and a yield of 7.82%.
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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