Automotive Properties Real Est Invt TR (TSE:APR.UN) Plans Monthly Dividend of $0.07

Automotive Properties Real Est Invt TR (TSE:APR.UN) declared a monthly dividend on Monday, April 29th, TickerTech reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.067 per share on Wednesday, May 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date of this dividend is Monday, April 29th.

Automotive Properties Real Est Invt TR Trading Down 0.5 %

Shares of TSE APR.UN opened at C$9.85 on Friday. The company’s fifty day moving average is C$10.22 and its 200-day moving average is C$10.41. Automotive Properties Real Est Invt TR has a twelve month low of C$9.71 and a twelve month high of C$12.00. The stock has a market cap of C$391.34 million, a price-to-earnings ratio of 7.70 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.

Analyst Upgrades and Downgrades

APR.UN has been the topic of several research reports. Cormark raised their price target on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a research note on Tuesday, March 19th. Laurentian raised shares of Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating and set a C$12.50 target price on the stock in a research note on Monday, January 22nd. Finally, Raymond James reduced their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$12.00 and set an “outperform” rating on the stock in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR currently has a consensus rating of “Hold” and an average price target of C$12.31.

Automotive Properties Real Est Invt TR Company Profile

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.