Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 12-Month High – Here’s What Happened

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Free Report) shares hit a new 52-week high on Thursday . The company traded as high as C$12.50 and last traded at C$12.47, with a volume of 23849 shares trading hands. The stock had previously closed at C$12.23.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on APR.UN shares. Royal Bank Of Canada upped their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a report on Tuesday. TD boosted their price target 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 report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Automotive Properties Real Est Invt TR currently has an average rating of “Moderate Buy” and an average target price of C$12.88.

Get Our Latest Research Report on APR.UN

Automotive Properties Real Est Invt TR Stock Performance

The stock has a 50 day simple moving average of C$12.17 and a 200 day simple moving average of C$11.80. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company has a market cap of C$677.26 million, a price-to-earnings ratio of 10.99 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$30.21 million during the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. As a group, analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

Automotive Properties Real Est Invt TR Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.0685 dividend. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend was Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 72.31%.

About Automotive Properties Real Est Invt TR

(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.

Further Reading

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