Brokerages Set Automotive Properties Real Est Invt TR (TSE:APR.UN) Target Price at C$12.72

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) have received a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is C$12.72.

A number of equities analysts have weighed in on APR.UN shares. 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 stock a “hold” rating in a research report on Friday, May 15th. Royal Bank Of Canada upgraded shares of Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Raymond James Financial increased 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 report on Friday, March 6th. BMO Capital Markets increased 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 report on Friday, March 6th. Finally, Canaccord Genuity Group increased 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 report on Friday, March 6th.

Automotive Properties Real Est Invt TR Stock Performance

Shares of TSE APR.UN opened at C$12.17 on Friday. The company’s fifty day moving average price is C$11.81 and its 200 day moving average price is C$11.48. Automotive Properties Real Est Invt TR has a 1 year low of C$10.68 and a 1 year high of C$12.49. The company has a market capitalization of C$660.96 million, a PE ratio of 10.92 and a beta of 0.79. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

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

Automotive Properties Real Est Invt TR Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 15th were given a dividend of $0.0685 per share. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date was Friday, May 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio (DPR) is presently 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.