Q2 2018 EPS Estimates for Automotive Properties Real Est Invt TR (APR) Increased by Desjardins

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%.

Separately, National Bank Financial restated a “sector perform under weight” rating on shares of Automotive Properties Real Est Invt TR in a research note on Monday, March 26th.

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.

Earnings History and Estimates for Automotive Properties Real Est Invt TR (TSE:APR)

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