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

Automotive Properties Real Est Invt TR (TSE:APR.UN) posted its quarterly earnings data on Thursday. The company reported C$0.27 earnings per share (EPS) for the quarter, FiscalAI reports. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The business had revenue of C$30.21 million for the quarter.

Automotive Properties Real Est Invt TR Stock Up 0.2%

Shares of APR.UN opened at C$12.24 on Friday. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. Automotive Properties Real Est Invt TR has a one year low of C$10.68 and a one year high of C$12.49. The stock has a market capitalization of C$664.77 million, a price-to-earnings ratio of 10.98 and a beta of 0.78. The stock has a 50 day moving average price of C$12.16 and a 200 day moving average price of C$11.78.

Automotive Properties Real Est Invt TR Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.0685 per share. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR’s payout ratio is presently 73.21%.

Analyst Upgrades and Downgrades

Separately, TD boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research note on Friday, May 15th. 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 data from MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus 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.