Desjardins upgraded shares of Auto Prop Reit (TSE:APR – Free Report) from a hold rating to a moderate buy rating in a research note published on Thursday morning,Zacks.com reports.
Auto Prop Reit Price Performance
Auto Prop Reit (TSE:APR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.74 EPS for the quarter, topping the consensus estimate of C$0.25 by C$0.49. The firm had revenue of C$23.52 million for the quarter.
Auto Prop Reit Dividend Announcement
The business also recently declared a monthly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were given a $0.067 dividend. The ex-dividend date was Thursday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of ?.
Auto Prop Reit 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 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.
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