Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Recommendation of “Hold” by Analysts

Automotive Properties Real Est Invt TR (TSE:APR.UN) has earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$12.31.

A number of research analysts have recently commented on the company. Raymond James dropped their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research report on Wednesday. Laurentian raised shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price target on the stock in a research report on Monday, January 22nd. Finally, Cormark lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE:APR.UN traded down C$0.08 during mid-day trading on Wednesday, reaching C$10.01. The company had a trading volume of 17,329 shares, compared to its average volume of 25,418. Automotive Properties Real Est Invt TR has a one year low of C$9.71 and a one year high of C$12.00. The company has a current ratio of 0.78, a quick ratio of 0.02 and a debt-to-equity ratio of 117.71. The company’s 50-day moving average price is C$10.26 and its 200-day moving average price is C$10.42. The firm has a market cap of C$397.70 million, a price-to-earnings ratio of 7.82 and a beta of 0.87.

Automotive Properties Real Est Invt TR Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th will be issued a $0.067 dividend. This represents a $0.80 annualized dividend and a yield of 8.03%. The ex-dividend date of this dividend is Monday, April 29th. Automotive Properties Real Est Invt TR’s payout ratio is 62.50%.

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 Québec.