Automotive Properties Real Est Invt TR (TSE:APR) – Equities research analysts at National Bank Financial cut their FY2018 earnings per share estimates for shares of Automotive Properties Real Est Invt TR in a research report issued to clients and investors on Wednesday, May 16th. National Bank Financial analyst T. Woolley now anticipates that the company will post earnings of $1.02 per share for the year, down from their previous forecast of $1.04. National Bank Financial has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Automotive Properties Real Est Invt TR’s FY2019 earnings at $1.05 EPS.
Automotive Properties Real Est Invt TR (TSE:APR) last issued its quarterly earnings results on Tuesday, May 15th. The company reported C$0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.25 by C$0.30. Automotive Properties Real Est Invt TR had a net margin of 120.10% and a return on equity of 31.49%. The company had revenue of C$11.31 million during the quarter.
Separately, Desjardins reissued a “buy” rating on shares of Automotive Properties Real Est Invt TR in a research report on Wednesday, March 21st.
Shares of TSE APR opened at C$9.95 on Friday. Automotive Properties Real Est Invt TR has a 1 year low of C$9.87 and a 1 year high of C$11.65.
The company also recently announced a monthly dividend, which will be paid on Friday, June 15th. Shareholders of record on Thursday, May 31st will be issued a $0.067 dividend. The ex-dividend date of this dividend is Wednesday, May 30th. This represents a $0.80 annualized dividend and a yield of 8.08%.
Automotive Properties Real Est Invt TR Company Profile
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.
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