Automotive Properties Real Est Invt TR (TSE:APR.UN) Share Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• Shares slipped below the 50-day moving average, trading at C$12.13 versus the C$12.14 average, with a 0.3% decline and 42,299 shares traded.
• Analysts maintain a consensus “Hold” rating; TD raised its price target to C$13.00, while the overall average target is C$12.72.
• The REIT reported quarterly EPS of C$0.45 on C$29.10 million in revenue and pays a monthly C$0.0685 dividend, implying an annualized 6.8% yield and a 73.21% payout ratio.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$12.14 and traded as low as C$12.13. Automotive Properties Real Est Invt TR shares last traded at C$12.13, with a volume of 42,299 shares traded.

Analyst Ratings Changes

Separately, TD raised 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 research report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of C$12.72.

Automotive Properties Real Est Invt TR Stock Down 0.3%

The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The stock has a market capitalization of C$658.79 million, a P/E ratio of 10.88 and a beta of 0.78. The stock's fifty day simple moving average is C$12.14 and its two-hundred day simple moving average is C$11.76.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 earnings per share (EPS) for the quarter. The firm had revenue of C$29.10 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%. As a group, research 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were issued a $0.0685 dividend. This represents a c) dividend on an annualized basis and a yield of 6.8%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR's dividend payout ratio is presently 73.21%.

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.

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