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 an average rating of “Hold” by the nine brokerages that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$12.72.

A number of equities analysts have recently weighed in on APR.UN shares. BMO Capital Markets upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a research report on Friday, March 6th. Canaccord Genuity Group upped 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. Raymond James Financial upped their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. TD upped 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. Finally, Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$12.50 to C$13.00 in a report on Friday, March 6th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE:APR.UN opened at C$12.10 on Friday. 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 has a twelve month low of C$10.68 and a twelve month high of C$12.49. The stock’s 50 day moving average is C$11.74 and its 200-day moving average is C$11.43. The firm has a market capitalization of C$657.16 million, a price-to-earnings ratio of 10.86 and a beta of 0.79.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share 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$29.10 million for the quarter. Sell-side analysts forecast 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 business also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be issued a dividend of $0.0685 per share. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.8%. Automotive Properties Real Est Invt TR’s dividend payout ratio is 73.21%.

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.