Automotive Properties Real Est Invt TR (TSE:APR) – Analysts at Desjardins upped their Q2 2018 earnings per share estimates for shares of Automotive Properties Real Est Invt TR in a research note issued to investors on Wednesday, May 16th. Desjardins analyst M. Markidis now anticipates that the company will post earnings of $0.26 per share for the quarter, up from their previous estimate of $0.25. Desjardins currently has a “Buy” rating on the stock. Desjardins also issued estimates for Automotive Properties Real Est Invt TR’s FY2019 earnings at $1.07 EPS.
Automotive Properties Real Est Invt TR (TSE:APR) last announced its earnings results on Tuesday, May 15th. The company reported C$0.55 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.30. The business had revenue of C$11.31 million during the quarter. Automotive Properties Real Est Invt TR had a net margin of 120.10% and a return on equity of 31.49%.
TSE:APR opened at C$9.95 on Friday. Automotive Properties Real Est Invt TR has a one year low of C$9.87 and a one year high of C$11.65.
The business also recently disclosed a monthly dividend, which will be paid on Friday, June 15th. Stockholders of record on Thursday, May 31st will be paid a $0.067 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.80 annualized dividend and a dividend yield of 8.08%.
Automotive Properties Real Est Invt TR Company Profile
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.
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