Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Average Recommendation of “Hold” by Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has been given an average recommendation of “Hold” by the six analysts that are presently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$12.31.

A number of research analysts have recently issued reports on APR.UN shares. Cormark raised their price objective on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th. Laurentian raised Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price target on the stock in a research note on Monday, January 22nd. Finally, Raymond James lowered their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday, April 24th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE:APR.UN opened at C$9.85 on Wednesday. The company has a quick ratio of 0.02, a current ratio of 0.78 and a debt-to-equity ratio of 117.71. The stock has a market cap of C$391.34 million, a PE ratio of 7.70 and a beta of 0.87. The company’s fifty day moving average is C$10.22 and its 200 day moving average is C$10.40. Automotive Properties Real Est Invt TR has a 52 week low of C$9.71 and a 52 week high of C$12.00.

Automotive Properties Real Est Invt TR Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a yield of 8.16%. The ex-dividend date is Monday, April 29th. Automotive Properties Real Est Invt TR’s payout ratio is 62.50%.

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 dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Québec.