Automotive Properties Real Est Invt TR (APR.UN) to Issue Monthly Dividend of $0.07 on June 15th

Automotive Properties Real Est Invt TR (TSE:APR.UN) declared a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.0685 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date is Friday, May 29th.

Automotive Properties Real Est Invt TR Trading Up 0.4%

APR.UN opened at C$12.37 on Wednesday. Automotive Properties Real Est Invt TR has a 52 week low of C$10.68 and a 52 week high of C$12.49. The business has a fifty day simple moving average of C$11.58 and a 200-day simple moving average of C$11.33. The firm has a market cap of C$671.83 million, a P/E ratio of 11.10 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 released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 EPS 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 business had revenue of C$29.10 million during the quarter. On average, equities analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on APR.UN. Raymond James Financial lifted 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 report on Friday, March 6th. TD lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Friday, May 15th. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$12.50 to C$13.00 in a report on Friday, March 6th. Canaccord Genuity Group raised 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. Finally, BMO Capital Markets raised 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. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of C$12.72.

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.