Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Pass Below 50 Day Moving Average – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-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 changing hands.

Analyst Ratings Changes

Separately, TD boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company a “hold” rating in a research report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Hold” and a consensus target price of C$12.72.

Automotive Properties Real Est Invt TR Trading Up 0.2%

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$663.14 million, a P/E ratio of 10.95 and a beta of 0.78. The stock has a 50-day moving average price of C$12.15 and a two-hundred day moving average price of C$11.77.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last announced its earnings results on Wednesday, May 13th. The company reported C$0.45 EPS for the quarter. The company 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%. On average, research analysts forecast 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. Shareholders of record on Monday, June 15th were issued a $0.0685 dividend. The ex-dividend date was Friday, May 29th. This represents a c) annualized dividend and a yield of 6.7%. Automotive Properties Real Est Invt TR’s dividend payout ratio is 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.