Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 1-Year High - Time to Buy?

Key Points

• Automotive Properties REIT reached a new 52-week high, trading as high as C$12.50 and recently changing hands at C$12.47, up from a prior close of C$12.23.
• Analysts maintain a generally positive outlook: the consensus rating is “Moderate Buy” with an average price target of C$12.88, while RBC raised its target to C$13.50 and kept an “outperform” rating.
• The REIT reported quarterly revenue of C$30.21 million and EPS of C$0.27, and pays a monthly dividend of C$0.0685 per share, representing an approximate 6.6% annualized yield.

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$12.50 and last traded at C$12.47, with a volume of 23849 shares changing hands. The stock had previously closed at C$12.23.

Wall Street Analysts Forecast Growth

APR.UN has been the topic of a number of recent research reports. Royal Bank Of Canada upped 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 research note on Tuesday. TD boosted their price target 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. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$12.88.

Automotive Properties Real Est Invt TR Trading Up 2.0%

The business's fifty day moving average price is C$12.17 and its 200 day moving average price is C$11.80. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The firm has a market capitalization of C$677.26 million, a PE ratio of 10.99 and a beta of 0.78.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The business had revenue of C$30.21 million for the quarter. As a group, analysts expect that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current fiscal year.

Automotive Properties Real Est Invt TR Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 15th were issued a dividend of $0.0685 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR's dividend payout ratio is presently 72.31%.

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 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.

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