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 received a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$12.72.

Several brokerages have issued reports on APR.UN. Canaccord Genuity Group boosted their price target on 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 boosted their price target on 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. TD boosted their price target on 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. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Finally, BMO Capital Markets upped their price target 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.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN opened at C$12.10 on Friday. Automotive Properties Real Est Invt TR has a 52-week low of C$10.68 and a 52-week high of C$12.49. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The business’s 50 day moving average price is C$11.74 and its two-hundred day moving average price is C$11.43. The firm has a market cap of C$657.16 million, a PE ratio of 10.86 and a beta of 0.79.

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 firm had revenue of C$29.10 million for the quarter. On average, equities analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

Automotive Properties Real Est Invt TR Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 15th will be issued a $0.0685 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 6.8%. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 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.