Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 52-Week High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as C$11.93 and last traded at C$11.93, with a volume of 26623 shares changing hands. The stock had previously closed at C$11.74.

Wall Street Analyst Weigh In

APR.UN has been the topic of several analyst reports. Raymond James Financial increased their target price 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 target price 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. 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 stock a “buy” rating in a report on Friday, March 6th. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$12.50 to C$13.00 in a report on Friday, March 6th. Finally, TD increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$12.72.

Automotive Properties Real Est Invt TR Stock Up 3.7%

The firm has a fifty day simple moving average of C$11.50 and a 200-day simple moving average of C$11.28. The company has a market capitalization of C$671.67 million, a P/E ratio of 10.92 and a beta of 0.70. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company had revenue of C$29.10 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%. On average, equities research analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

Automotive Properties Real Est Invt TR Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be given a $0.0685 dividend. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend is Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is currently 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.