Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 52-Week Low at $9.71

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as C$9.71 and last traded at C$9.73, with a volume of 8529 shares traded. The stock had previously closed at C$9.79.

Analyst Ratings Changes

APR.UN has been the subject of several research analyst reports. Royal Bank of Canada lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$11.50 and set a "sector perform" rating for the company in a research note on Friday, May 17th. Cormark lifted 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. Finally, Raymond James cut their price target 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 report on Wednesday, April 24th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Automotive Properties Real Est Invt TR currently has an average rating of "Hold" and an average target price of C$12.25.

Automotive Properties Real Est Invt TR Price Performance

The business has a fifty day moving average of C$10.02 and a 200-day moving average of C$10.36. The firm has a market cap of C$386.18 million, a PE ratio of 7.03 and a beta of 0.88. 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 Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Investors of record on Wednesday, May 15th were issued a dividend of $0.067 per share. The ex-dividend date was Monday, April 29th. This represents a $0.80 dividend on an annualized basis and a yield of 8.27%. Automotive Properties Real Est Invt TR's dividend payout ratio (DPR) is 57.97%.

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.