Automotive Properties Real Est Invt TR Plans Monthly Dividend of $0.07 (TSE:APR.UN)

Automotive Properties Real Est Invt TR (TSE:APR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.067 per share on Wednesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Monday, April 29th.

Automotive Properties Real Est Invt TR Stock Performance

TSE APR.UN traded down C$0.05 during trading on Friday, hitting C$9.85. The company’s stock had a trading volume of 30,816 shares, compared to its average volume of 25,456. Automotive Properties Real Est Invt TR has a 52 week low of C$9.71 and a 52 week high of C$12.00. The firm has a market cap of C$391.34 million, a P/E ratio of 7.70 and a beta of 0.87. The firm has a 50 day moving average price of C$10.22 and a 200 day moving average price of C$10.41. The company has a quick ratio of 0.02, a current ratio of 0.78 and a debt-to-equity ratio of 117.71.

Analysts Set New Price Targets

A number of brokerages recently commented on APR.UN. Raymond James decreased their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research note on Wednesday. Cormark boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Finally, Laurentian upgraded shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a report on Monday, January 22nd. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$12.31.

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 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 Québec.