Automotive Properties Real Est Invt TR (TSE:APR.UN) announced a monthly dividend on Thursday, November 28th, TickerTech reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.067 per share on Monday, December 16th. This represents a $0.80 dividend on an annualized basis and a yield of 6.57%. The ex-dividend date of this dividend is Thursday, November 28th.
TSE APR.UN traded up C$0.19 on Wednesday, reaching C$12.23. The stock had a trading volume of 767,046 shares, compared to its average volume of 25,437. Automotive Properties Real Est Invt TR has a 12-month low of C$8.45 and a 12-month high of C$12.31. The company has a debt-to-equity ratio of 142.91, a quick ratio of 0.01 and a current ratio of 0.09. The business’s 50-day moving average price is C$11.71 and its 200 day moving average price is C$10.89. The stock has a market cap of $364.41 million and a P/E ratio of 69.10.
Several equities research analysts have recently commented on APR.UN shares. TD Securities upped their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a “buy” rating in a research note on Monday, November 18th. National Bank Financial set a C$13.00 price target on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James restated a “market perform” rating and set a C$12.00 price target on shares of Automotive Properties Real Est Invt TR in a research note on Monday, November 18th. Royal Bank of Canada upped their price objective on Automotive Properties Real Est Invt TR from C$11.25 to C$12.50 and gave the stock a “sector perform” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets lowered their target price on Automotive Properties Real Est Invt TR from C$11.75 to C$11.50 in a report on Friday, August 16th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$12.30.
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.
Further Reading: Why is the ROA ratio important?
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.