Automotive Properties Real Est Invt TR (TSE:APR.UN) Plans $0.07 Monthly Dividend


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Automotive Properties Real Est Invt TR (TSE:APR.UN) declared a monthly dividend on Thursday, February 25th, TickerTech reports. Shareholders of record on Monday, March 15th will be paid a dividend of 0.067 per share on Monday, March 15th. This represents a $0.80 dividend on an annualized basis and a yield of 7.38%. The ex-dividend date is Thursday, February 25th.

Shares of APR.UN stock opened at C$10.90 on Tuesday. Automotive Properties Real Est Invt TR has a 12 month low of C$5.30 and a 12 month high of C$12.68. The company has a debt-to-equity ratio of 143.63, a current ratio of 0.17 and a quick ratio of 0.09. The firm has a market capitalization of C$410.90 million and a P/E ratio of 606.11. The company’s fifty day moving average price is C$10.90 and its two-hundred day moving average price is C$10.45.

APR.UN has been the topic of a number of recent analyst reports. CIBC boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$10.50 to C$11.00 in a report on Monday, November 16th. Raymond James reiterated an “outperform” rating and issued a C$11.75 price objective on shares of Automotive Properties Real Est Invt TR in a report on Monday, November 16th. Scotiabank boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$10.75 to C$11.50 in a report on Tuesday, November 17th. Royal Bank of Canada upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$11.50 and gave the company a “sector perform” rating in a research note on Monday, November 16th. Finally, National Bank Financial upped their target price on shares of Automotive Properties Real Est Invt TR from C$11.00 to C$11.50 and gave the company an “outperform” rating in a research note on Monday, November 2nd.

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 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 Qu├ębec.

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Dividend History for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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