Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of “Hold” by Analysts

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

A number of brokerages recently issued reports on APR.UN. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Canaccord Genuity Group lifted their target price on shares of 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. Raymond James Financial lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. BMO Capital Markets lifted their target price on shares of 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. Finally, TD lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a research note on Friday, May 15th.

Automotive Properties Real Est Invt TR Trading Up 0.1%

TSE:APR.UN opened at C$11.74 on Wednesday. The business has a fifty day moving average price of C$11.50 and a 200-day moving average price of C$11.28. The firm has a market capitalization of C$647.40 million, a price-to-earnings ratio of 10.53 and a beta of 0.70. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a one year low of C$10.68 and a one year high of C$11.91.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.45 earnings per share (EPS) for the quarter. The company 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%. Sell-side analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current 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. Investors of record on Monday, June 15th will be paid a dividend of $0.0685 per share. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is 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.