Automotive Properties Real Est Invt TR (TSE:APR.UN) Declares Monthly Dividend of $0.07

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) declared a monthly dividend on Monday, April 29th, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.067 per share on Wednesday, May 15th. This represents a $0.80 annualized dividend and a yield of 8.16%. The ex-dividend date is Monday, April 29th.

Automotive Properties Real Est Invt TR Stock Performance

TSE APR.UN traded down C$0.05 during trading on Friday, hitting C$9.85. The company's stock had a trading volume of 30,816 shares, compared to its average volume of 25,456. 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 firm has a 50 day moving average price of C$10.22 and a 200 day moving average price of C$10.41. The firm has a market cap of C$391.34 million, a P/E ratio of 7.70 and a beta of 0.87. Automotive Properties Real Est Invt TR has a 52 week low of C$9.71 and a 52 week high of C$12.00.

Analysts Set New Price Targets

Several research analysts have commented on APR.UN shares. Laurentian raised Automotive Properties Real Est Invt TR from a "hold" rating to a "buy" rating and set a C$12.50 price target on the stock in a research report on Monday, January 22nd. Raymond James dropped their price target on 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. Finally, Cormark boosted their price objective on Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research report on Tuesday, March 19th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR has an average rating of "Hold" and a consensus price target of C$12.31.

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 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.