Canaccord Genuity Group lowered shares of Auto Prop Reit (TSE:APR – Free Report) from a strong-buy rating to a hold rating in a report published on Monday,Zacks reports.
Auto Prop Reit Stock Performance
Auto Prop Reit 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 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec. Automotive Properties REIT is the only public vehicle in Canada focused on consolidating automotive dealership real estate properties.
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