Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) PT at C$12.72

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have earned an average rating of “Hold” from the nine ratings firms that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$12.72.

Separately, TD lifted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Friday, May 15th.

Automotive Properties Real Est Invt TR Stock Down 0.3%

Shares of TSE APR.UN opened at C$11.94 on Thursday. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. Automotive Properties Real Est Invt TR has a 12-month low of C$10.68 and a 12-month high of C$12.49. The firm’s 50-day moving average price is C$12.05 and its 200-day moving average price is C$11.63. The stock has a market capitalization of C$648.47 million, a price-to-earnings ratio of 10.71 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its quarterly earnings data 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 company had revenue of C$29.10 million for the quarter. On average, equities research analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

Automotive Properties Real Est Invt TR Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a dividend of $0.0685 per share. This represents a c) annualized dividend and a yield of 6.9%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 73.21%.

Automotive Properties Real Est Invt TR Company Profile

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.