Automotive Properties Real Est Invt TR (TSE:APR.UN) Receives C$12.31 Average PT from Analysts

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) have been given a consensus recommendation of "Hold" by the six analysts that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$12.31.

A number of brokerages recently issued reports on APR.UN. 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 research report on Wednesday. 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 research report on Monday, January 22nd. Finally, Cormark raised their target price on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research report on Tuesday, March 19th.

Automotive Properties Real Est Invt TR Price Performance

Shares of APR.UN traded down C$0.06 during mid-day trading on Wednesday, reaching C$10.03. 17,685 shares of the company's stock were exchanged, compared to its average volume of 25,422. The company has a quick ratio of 0.02, a current ratio of 0.78 and a debt-to-equity ratio of 117.71. The company has a 50-day simple moving average of C$10.25 and a two-hundred day simple moving average of C$10.41. 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 cap of C$398.49 million, a price-to-earnings ratio of 7.84 and a beta of 0.87.

Automotive Properties Real Est Invt TR Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of 8.02%. The ex-dividend date of this dividend is Monday, April 29th. Automotive Properties Real Est Invt TR's dividend payout ratio (DPR) is 62.50%.

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.