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 annualized dividend and a dividend yield of 8.16%. The ex-dividend date is Monday, April 29th.

Automotive Properties Real Est Invt TR Price Performance

Shares of TSE:APR.UN opened at C$9.85 on Friday. The firm has a 50 day moving average of C$10.22 and a 200-day moving average of C$10.41. The stock has a market capitalization of C$391.34 million, a PE ratio of 7.70 and a beta of 0.87. The company has a current ratio of 0.78, a quick ratio of 0.02 and a debt-to-equity ratio of 117.71. Automotive Properties Real Est Invt TR has a 12 month low of C$9.71 and a 12 month high of C$12.00.

Analyst Ratings Changes

A number of research firms recently issued reports on APR.UN. Raymond James lowered their price objective on shares of 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. Cormark upped their price objective 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. Finally, 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 research report on Monday, January 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Hold” and a consensus target price 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.