Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Rating of “Hold” by Brokerages

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have been given a consensus recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$12.72.

APR.UN has been the subject of a number of research reports. Canaccord Genuity Group increased their price target 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. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and increased their price target for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Raymond James Financial increased their price target 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. BMO Capital Markets increased their price target 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, TD upped their price target on shares of 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.

Automotive Properties Real Est Invt TR Stock Performance

APR.UN opened at C$11.74 on Wednesday. The stock has a market capitalization of C$647.40 million, a price-to-earnings ratio of 10.53 and a beta of 0.70. The company has a fifty day moving average of C$11.50 and a 200 day moving average of C$11.28. Automotive Properties Real Est Invt TR has a fifty-two week low of C$10.68 and a fifty-two week high of C$11.91. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share for the quarter. The company had revenue of C$29.10 million during the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. As a group, sell-side analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a dividend of $0.0685 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 7.0%. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 73.18%.

Automotive Properties Real Est Invt TR Company Profile

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.