Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Rating of “Hold” by Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned an average recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$12.72.

Several analysts have recently commented on APR.UN shares. Canaccord Genuity Group raised their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, March 6th. TD raised their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and raised their target price for the stock from C$12.50 to C$13.00 in a research report on Friday, March 6th. BMO Capital Markets raised 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. Finally, Raymond James Financial raised their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th.

Automotive Properties Real Est Invt TR Stock Performance

Shares of Automotive Properties Real Est Invt TR stock opened at C$12.37 on Wednesday. The stock has a market cap of C$671.83 million, a PE ratio of 11.10 and a beta of 0.70. 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 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 12 month low of C$10.68 and a 12 month high of C$12.49.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Wednesday, May 13th. The company reported C$0.45 EPS for the quarter. The business 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, sell-side analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

Automotive Properties Real Est Invt TR Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 15th will be given a $0.0685 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is 73.21%.

About Automotive Properties Real Est Invt TR

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.