Automotive Properties Real Est Invt TR (TSE:APR.UN) Issues Quarterly Earnings Results

Automotive Properties Real Est Invt TR (TSE:APR.UN) released its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 EPS for the quarter, FiscalAI reports. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%.The company had revenue of C$30.21 million for the quarter.

Automotive Properties Real Est Invt TR Stock Up 1.1%

APR.UN stock traded up C$0.13 during trading on Wednesday, reaching C$11.68. The stock had a trading volume of 56,852 shares, compared to its average volume of 40,137. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The firm has a fifty day moving average price of C$11.93 and a 200 day moving average price of C$11.88. The company has a market capitalization of C$644.65 million, a P/E ratio of 10.40 and a beta of 0.74. Automotive Properties Real Est Invt TR has a 1-year low of C$10.68 and a 1-year high of C$12.52.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and an average price target of C$12.88.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.