Automotive Properties Real Est Invt TR (APR.UN) To Go Ex-Dividend on April 29th

Automotive Properties Real Est Invt TR (TSE:APR.UN) announced a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given 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

TSE APR.UN traded down C$0.05 during trading hours on Friday, hitting C$9.85. 30,816 shares of the company’s stock traded hands, compared to its average volume of 25,456. Automotive Properties Real Est Invt TR has a 52-week low of C$9.71 and a 52-week high of C$12.00. The company has a market capitalization of C$391.34 million, a PE ratio of 7.70 and a beta of 0.87. The company has a debt-to-equity ratio of 117.71, a current ratio of 0.78 and a quick ratio of 0.02. The firm’s 50-day moving average is C$10.22 and its 200-day moving average is C$10.41.

Analyst Upgrades and Downgrades

Several research firms have weighed in on APR.UN. Cormark boosted their target price on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Raymond James decreased their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Laurentian upgraded shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a report on Monday, January 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.