Automotive Properties Real Est Invt TR (TSE:APR.UN) Issues Quarterly Earnings Results

Automotive Properties Real Est Invt TR (TSE:APR.UN) announced its earnings results on Wednesday. The company reported C$0.45 earnings per share for the quarter, FiscalAI reports. The firm 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%.

Automotive Properties Real Est Invt TR Stock Performance

TSE:APR.UN traded up C$0.05 during trading hours on Wednesday, hitting C$11.50. 33,575 shares of the company traded hands, compared to its average volume of 39,916. The stock has a market capitalization of C$634.17 million, a price-to-earnings ratio of 14.00 and a beta of 0.70. Automotive Properties Real Est Invt TR has a twelve month low of C$10.36 and a twelve month high of C$11.91. The firm has a 50-day moving average of C$11.50 and a 200 day moving average of C$11.26. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62.

Wall Street Analyst Weigh In

APR.UN has been the subject of several research analyst reports. BMO Capital Markets upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research note on Friday, March 6th. Raymond James Financial upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Finally, Canaccord Genuity Group upped their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company a “buy” rating in a research note on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned 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 “Moderate Buy” and an average target price of C$12.69.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.