Automotive Properties Real Est Invt TR (TSE:APR.UN) Posts Earnings Results

Automotive Properties Real Est Invt TR (TSE:APR.UN) issued its earnings results on Wednesday. The company reported C$0.45 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of C$29.10 million for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%.

Automotive Properties Real Est Invt TR Trading Down 1.4%

Shares of APR.UN traded down C$0.16 during trading on Friday, reaching C$11.59. 9,462 shares of the company traded hands, compared to its average volume of 40,228. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The stock has a market cap of C$639.13 million, a PE ratio of 14.11 and a beta of 0.70. The stock has a 50-day simple moving average of C$11.50 and a 200-day simple moving average of C$11.27. Automotive Properties Real Est Invt TR has a twelve month low of C$10.68 and a twelve month high of C$11.91.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$12.50 to C$13.00 in a research note on Friday, March 6th. BMO Capital Markets lifted their price objective on shares of 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 note on Friday, March 6th. Canaccord Genuity Group lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, Raymond James Financial lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$12.69.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.