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

Automotive Properties Real Est Invt TR (TSE:APR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.067 per share on Wednesday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Monday, April 29th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE APR.UN traded down C$0.05 during midday trading on Friday, reaching C$9.85. 30,816 shares of the company traded hands, compared to its average volume of 25,456. The stock’s 50-day simple moving average is C$10.22 and its 200-day simple moving average is C$10.41. The company has a debt-to-equity ratio of 117.71, a quick ratio of 0.02 and a current ratio of 0.78. Automotive Properties Real Est Invt TR has a 12 month low of C$9.71 and a 12 month high of C$12.00. The firm has a market cap of C$391.34 million, a PE ratio of 7.70 and a beta of 0.87.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on APR.UN shares. Laurentian raised Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price target for the company in a report on Monday, January 22nd. Cormark lifted their price target on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Finally, Raymond James dropped their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Hold” and a consensus target price of C$12.31.

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 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.