Automotive Properties Real Est Invt TR to Issue Monthly Dividend of $0.07 (TSE:APR.UN)

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Free Report) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0685 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, May 29th.

Automotive Properties Real Est Invt TR Stock Up 0.4%

Shares of TSE:APR.UN opened at C$12.37 on Wednesday. The stock’s 50-day moving average price is C$11.58 and its 200-day moving average price is C$11.33. Automotive Properties Real Est Invt TR has a 12-month low of C$10.68 and a 12-month high of C$12.49. The stock has a market capitalization of C$671.83 million, a P/E ratio of 11.10 and a beta of 0.70. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.45 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%.The firm had revenue of C$29.10 million for the quarter. On average, equities analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on APR.UN. TD raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Friday, May 15th. Raymond James Financial raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Canaccord Genuity Group raised their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Friday, March 6th. BMO Capital Markets raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research note on Friday, March 6th. Finally, Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Hold” and a consensus price target of C$12.72.

Read Our Latest Analysis on APR.UN

Automotive Properties Real Est Invt TR Company Profile

(Get Free Report)

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.

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Dividend History for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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