Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 12-Month High at $11.69

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$11.69 and last traded at C$11.69, with a volume of 17567 shares traded. The stock had previously closed at C$11.53.

A number of equities research analysts recently issued reports on APR.UN shares. Raymond James upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$12.50 and gave the company an “outperform” rating in a research note on Thursday, March 25th. Royal Bank of Canada upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.00 and gave the company a “sector perform” rating in a research note on Thursday, March 25th. CIBC upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$12.50 and gave the company a “strong-buy” rating in a research note on Thursday, March 25th. Cormark set a C$12.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company a “buy” rating in a research note on Friday, February 26th. Finally, TD Securities upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Thursday, March 25th. Two analysts have rated the stock with a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Automotive Properties Real Est Invt TR has a consensus rating of “Buy” and an average target price of C$12.06.

The firm has a market cap of C$456.68 million and a PE ratio of 16.13. The company has a quick ratio of 0.06, a current ratio of 0.11 and a debt-to-equity ratio of 136.04. The company’s 50 day moving average price is C$11.16 and its two-hundred day moving average price is C$10.73.

The company also recently announced a monthly dividend, which was paid on Monday, March 15th. Stockholders of record on Monday, March 15th were paid a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.88%. The ex-dividend date of this dividend was Thursday, February 25th. Automotive Properties Real Est Invt TR’s dividend payout ratio is currently 112.45%.

About Automotive Properties Real Est Invt TR (TSE:APR.UN)

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Qu├ębec.

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