Automotive Properties Real Est Invt TR (TSE:APR.UN) Given Consensus Rating of “Hold” by Brokerages

Automotive Properties Real Est Invt TR (TSE:APR.UN) has received an average rating of “Hold” from the six analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$12.31.

APR.UN has been the subject of a number of recent analyst reports. Cormark increased their target price on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research report on Tuesday, March 19th. Laurentian upgraded shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 price objective for the company in a report on Monday, January 22nd. Finally, Raymond James cut their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating for the company in a research report on Wednesday.

Automotive Properties Real Est Invt TR Stock Performance

TSE APR.UN traded down C$0.08 on Wednesday, hitting C$10.01. The stock had a trading volume of 17,329 shares, compared to its average volume of 25,418. The company’s 50-day moving average is C$10.26 and its two-hundred day moving average is C$10.42. Automotive Properties Real Est Invt TR has a one year low of C$9.71 and a one year high of C$12.00. The stock has a market cap of C$397.70 million, a price-to-earnings ratio of 7.82 and a beta of 0.87. The company has a quick ratio of 0.02, a current ratio of 0.78 and a debt-to-equity ratio of 117.71.

Automotive Properties Real Est Invt TR Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th will be given a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 8.03%. The ex-dividend date is Monday, April 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is currently 62.50%.

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 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 Québec.