Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High – Time to Buy?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week high during trading on Tuesday . The stock traded as high as C$12.49 and last traded at C$12.32, with a volume of 35075 shares traded. The stock had previously closed at C$12.32.

Analyst Upgrades and Downgrades

Several brokerages recently commented on APR.UN. Canaccord Genuity Group upped their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research report on Friday, March 6th. Raymond James Financial upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. BMO Capital Markets upped their price target on shares of 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 report on Friday, March 6th. TD upped their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a research report on Friday, May 15th. Finally, Royal Bank Of Canada raised shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$12.50 to C$13.00 in a research report 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 MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Hold” and an average price target of C$12.72.

Automotive Properties Real Est Invt TR Price Performance

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’s 50-day moving average is C$11.56 and its 200 day moving average is C$11.32. The stock has a market cap of C$669.11 million, a price-to-earnings ratio of 11.05 and a beta of 0.70.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings data 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 net margin of 76.20% and a return on equity of 11.73%. The company had revenue of C$29.10 million during the quarter. Sell-side analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders 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 6.7%. The ex-dividend date is Friday, May 29th. Automotive Properties Real Est Invt TR’s payout ratio is currently 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.