Automotive Properties Real Est Invt TR (TSE:APR.UN) Sets New 1-Year High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$12.49 and last traded at C$12.32, with a volume of 35075 shares. The stock had previously closed at C$12.32.

Wall Street Analysts Forecast Growth

APR.UN has been the topic of several research reports. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$12.50 to C$13.00 in a report on Friday, March 6th. Raymond James Financial raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. BMO Capital Markets raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a report on Friday, March 6th. TD raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group raised their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Automotive Properties Real Est Invt TR has an average rating of “Hold” and a consensus price target of C$12.72.

Automotive Properties Real Est Invt TR Price Performance

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 stock has a market cap of C$662.59 million, a price-to-earnings ratio of 10.95 and a beta of 0.70. The stock has a 50-day moving average price of C$11.59 and a two-hundred day moving average price of C$11.34.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.45 earnings per share for the quarter. The firm had revenue of C$29.10 million during the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. As a group, equities research analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

Automotive Properties Real Est Invt TR Announces Dividend

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

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.