Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) traded up 0.6% during trading on Tuesday. The stock traded as high as C$11.94 and last traded at C$11.85. 38,834 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 39,992 shares. The stock had previously closed at C$11.78.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada raised their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$12.88.
Check Out Our Latest Stock Report on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Stock Up 0.6%
Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 EPS for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The company had revenue of C$30.21 million during the quarter. On average, sell-side analysts anticipate that Automotive Properties Real Est Invt TR will post 1.01 EPS for the current fiscal year.
About Automotive Properties Real Est Invt TR
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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