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

Automotive Properties Real Est Invt TR (TSE:APR.UN) issued its quarterly earnings results on Wednesday. The company reported C$0.45 EPS for the quarter, FiscalAI reports. The business had revenue of C$29.10 million during the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE APR.UN opened at C$11.50 on Thursday. The company has a 50-day simple moving average of C$11.50 and a 200-day simple moving average of C$11.26. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. Automotive Properties Real Est Invt TR has a 12 month low of C$10.36 and a 12 month high of C$11.91. The company has a market cap of C$634.17 million, a PE ratio of 14.00 and a beta of 0.70.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. BMO Capital Markets lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “market perform” rating in a report 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 lifted their price target for the stock from C$12.50 to C$13.00 in a report on Friday, March 6th. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, March 6th. Finally, Raymond James Financial lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and an average target price of C$12.69.

About Automotive Properties Real Est Invt TR

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.