FY2018 EPS Estimates for Automotive Properties Real Est Invt TR (APR) Cut by National Bank Financial

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.

Earnings History and Estimates for Automotive Properties Real Est Invt TR (TSE:APR)

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