Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Cross Above 50-Day Moving Average – Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$11.97 and traded as high as C$12.28. Automotive Properties Real Est Invt TR shares last traded at C$12.24, with a volume of 10,643 shares.

Analyst Ratings Changes

APR.UN has been the topic of several recent research reports. Canaccord Genuity Group upped 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 report on Friday, March 6th. Raymond James Financial lifted their price target on 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. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$12.50 to C$13.00 in a research note on Friday, March 6th. BMO Capital Markets upped their price objective on 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 report on Friday, March 6th. Finally, TD raised their price objective 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. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$12.72.

Automotive Properties Real Est Invt TR Stock Down 0.2%

The firm has a market cap of C$664.77 million, a PE ratio of 10.98 and a beta of 0.78. The company has a 50-day simple moving average of C$11.97 and a 200-day simple moving average of C$11.57. 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 (TSE:APR.UN) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share 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. Analysts expect 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 15th were given a $0.0685 dividend. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend was Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is 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.