Automotive Properties Real Est Invt TR (TSE:APR.UN) Releases Quarterly Earnings Results

Automotive Properties Real Est Invt TR (TSE:APR.UN) released its quarterly earnings results on Thursday. The company reported C$0.26 EPS for the quarter, FiscalAI reports. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%.The business had revenue of C$25.40 million for the quarter.

Automotive Properties Real Est Invt TR Trading Down 0.4%

TSE APR.UN opened at C$10.76 on Friday. The firm’s 50 day moving average price is C$11.19 and its two-hundred day moving average price is C$11.19. The stock has a market cap of C$577.06 million, a price-to-earnings ratio of 15.33 and a beta of 0.19. Automotive Properties Real Est Invt TR has a twelve month low of C$9.04 and a twelve month high of C$12.37. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

Wall Street Analyst Weigh In

APR.UN has been the topic of a number of research analyst reports. Desjardins reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating on the stock in a research note on Friday, October 24th. TD Securities raised their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the stock a “hold” rating in a report on Friday, August 15th. National Bankshares upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a report on Friday, October 24th. Finally, Scotiabank cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating on the stock in a report on Friday, October 24th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.46.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.