Automotive Properties Real Est Invt TR (TSE:APR.UN) Price Target Raised to C$13.50

Automotive Properties Real Est Invt TR (TSE:APR.UN) had its price objective lifted by Royal Bank Of Canada from C$13.00 to C$13.50 in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

Separately, 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 note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Automotive Properties Real Est Invt TR currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.88.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN stock opened at C$12.21 on Tuesday. The stock has a 50-day moving average price of C$12.17 and a 200-day moving average price of C$11.81. Automotive Properties Real Est Invt TR has a 1-year low of C$10.68 and a 1-year high of C$12.52. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The firm has a market cap of C$663.14 million, a PE ratio of 10.76 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its earnings results on Thursday, August 13th. The company reported C$0.27 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 company had revenue of C$30.21 million for the quarter. As a group, equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

Automotive Properties Real Est Invt TR Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0685 per share. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 6.7%. Automotive Properties Real Est Invt TR’s dividend payout ratio is currently 72.31%.

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.