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

Automotive Properties Real Est Invt TR (TSE:APR.UN) announced its quarterly earnings data on Thursday. The company reported C$0.64 earnings per share (EPS) for the quarter, FiscalAI reports. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The firm had revenue of C$30.46 million during the quarter.

Automotive Properties Real Est Invt TR Trading Up 0.3%

TSE APR.UN opened at C$12.80 on Friday. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The stock has a market capitalization of C$706.47 million, a P/E ratio of 11.40 and a beta of 0.72. The firm’s 50-day moving average is C$12.01 and its two-hundred day moving average is C$11.86. Automotive Properties Real Est Invt TR has a 12 month low of C$10.71 and a 12 month high of C$13.01.

Analyst Ratings Changes

A number of brokerages have commented on APR.UN. Canaccord Genuity Group downgraded shares of Automotive Properties Real Est Invt TR from a “buy” rating to a “hold” rating and reduced their target price for the stock from C$13.50 to C$12.75 in a research note on Monday, October 26th. Royal Bank Of Canada boosted their target price on shares of 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. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR has an average rating of “Hold” and a consensus target price of C$12.95.

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.