Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 12-Month High – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as C$11.93 and last traded at C$11.93, with a volume of 26623 shares trading hands. The stock had previously closed at C$11.74.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on APR.UN shares. 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 price objective for the company from C$12.50 to C$13.00 in a report on Friday, March 6th. Canaccord Genuity Group upped their price objective 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 report on Friday, March 6th. TD upped 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 report on Friday, May 15th. BMO Capital Markets upped their price objective 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 report on Friday, March 6th. Finally, Raymond James Financial upped their price objective 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 report on Friday, March 6th. Four equities research 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 Price Performance

The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company’s 50 day moving average is C$11.53 and its 200 day moving average is C$11.30. The firm has a market capitalization of C$670.74 million, a price-to-earnings ratio of 11.08 and a beta of 0.70.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.45 EPS for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The business had revenue of C$29.10 million for the quarter. On average, equities research analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 15th will be paid a $0.0685 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend 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.