Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 52-Week High at $13.68

Automotive Properties Real Est Invt TR (TSE:APR.UN) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as C$13.68 and last traded at C$13.67, with a volume of 28432 shares changing hands. The stock had previously closed at C$13.50.

A number of equities analysts recently weighed in on the stock. National Bank Financial boosted their target price on shares of Automotive Properties Real Est Invt TR to C$14.00 and gave the stock an “outperform” rating in a report on Wednesday, August 18th. CIBC boosted their target price on shares of Automotive Properties Real Est Invt TR from C$14.25 to C$14.75 in a research report on Monday, November 15th. Royal Bank of Canada boosted their target price on shares of Automotive Properties Real Est Invt TR from C$14.00 to C$14.50 and gave the company a “sector perform” rating in a research report on Tuesday, November 16th. Scotiabank upped their price objective on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$14.00 in a research report on Wednesday, November 17th. Finally, TD Securities boosted their target price on Automotive Properties Real Est Invt TR from C$14.00 to C$15.50 and gave the stock a “buy” rating in a research note on Monday, November 15th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of C$14.10.

The business has a fifty day simple moving average of C$13.14 and a 200-day simple moving average of C$12.80. The company has a debt-to-equity ratio of 117.85, a quick ratio of 0.22 and a current ratio of 0.30. The stock has a market capitalization of C$534.22 million and a P/E ratio of 5.01.

The company also recently announced a monthly dividend, which was paid on Friday, October 15th. Investors of record on Friday, October 15th were issued a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date of this dividend was Tuesday, September 28th. Automotive Properties Real Est Invt TR’s dividend payout ratio is currently 29.87%.

Automotive Properties Real Est Invt TR Company Profile (TSE:APR.UN)

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 54 income-producing commercial properties and one development property, representing approximately two million square feet of gross leasable area, in metropolitan markets across Ontario, Saskatchewan, Alberta, British Columbia and Qu├ębec.

See Also: volatile stocks

Receive News & Ratings for Automotive Properties Real Est Invt TR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automotive Properties Real Est Invt TR and related companies with MarketBeat.com's FREE daily email newsletter.