Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 52-Week High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$11.93 and last traded at C$11.93, with a volume of 26623 shares. The stock had previously closed at C$11.74.

Analyst Ratings Changes

APR.UN has been the topic of a number of recent analyst reports. Raymond James Financial boosted their price objective 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 note on Friday, March 6th. Canaccord Genuity Group boosted their price objective 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 note on Friday, March 6th. TD boosted their price objective 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 note on Friday, May 15th. BMO Capital Markets boosted their price objective 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 note on Friday, March 6th. Finally, Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$12.50 to C$13.00 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 stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Hold” and an average price target of C$12.72.

Automotive Properties Real Est Invt TR Stock Up 3.7%

The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The firm has a market cap of C$671.67 million, a price-to-earnings ratio of 10.92 and a beta of 0.70. The firm has a 50 day moving average price of C$11.50 and a 200-day moving average price of C$11.28.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share (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 for the quarter. As a group, equities analysts predict 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 business also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be paid a $0.0685 dividend. The ex-dividend date of this dividend is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.7%. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 73.18%.

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.