Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.04 and traded as low as C$9.98. Automotive Properties Real Est Invt TR shares last traded at C$10.02, with a volume of 17,246 shares changing hands.
Wall Street Analyst Weigh In
A number of equities research analysts have issued reports on APR.UN shares. Raymond James decreased 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 for the company in a report on Wednesday, April 24th. Cormark upped their price target on shares of Automotive Properties Real Est Invt TR from C$13.20 to C$13.50 in a report on Tuesday, March 19th. Finally, Royal Bank of Canada decreased their price target 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 report on Friday, May 17th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of C$12.25.
Get Our Latest Stock Report on APR.UN
Automotive Properties Real Est Invt TR Stock Down 0.3 %
The company has a market capitalization of C$398.09 million, a price-to-earnings ratio of 7.26 and a beta of 0.88. The firm's 50 day moving average price is C$10.04 and its two-hundred day moving average price is C$10.38. 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 Announces Dividend
The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 15th were issued a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date of this dividend was Monday, April 29th. Automotive Properties Real Est Invt TR's dividend payout ratio is currently 57.97%.
About Automotive Properties Real Est Invt TR
(
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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.
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