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

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

Automotive Properties Real Est Invt TR Stock Performance

APR.UN traded up C$0.03 on Thursday, hitting C$12.24. The company’s stock had a trading volume of 19,598 shares, compared to its average volume of 38,054. The company’s 50 day simple moving average is C$12.16 and its 200-day simple moving average is C$11.78. The firm has a market cap of C$664.77 million, a P/E ratio of 10.98 and a beta of 0.78. Automotive Properties Real Est Invt TR has a 12 month low of C$10.68 and a 12 month high of C$12.49. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

Automotive Properties Real Est Invt TR Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were paid a dividend of $0.0685 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 73.21%.

Analyst Ratings Changes

Separately, TD increased their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of C$12.72.

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 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.