Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 1-Year High – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$12.50 and last traded at C$12.47, with a volume of 23849 shares. The stock had previously closed at C$12.23.

Wall Street Analyst Weigh In

APR.UN has been the subject of several research reports. Royal Bank Of Canada raised their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock an “outperform” rating in a research note on Tuesday. TD upped their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and an average price target of C$12.88.

Automotive Properties Real Est Invt TR Price Performance

The stock’s fifty day moving average price is C$12.18 and its 200-day moving average price is C$11.81. 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 has a market cap of C$666.94 million, a price-to-earnings ratio of 10.82 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share 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 firm had revenue of C$30.21 million for the quarter. Equities research analysts predict 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 firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0685 per share. The ex-dividend date was Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. Automotive Properties Real Est Invt TR’s payout ratio is currently 72.31%.

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.