Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses Below 50 Day Moving Average of $10.00
Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.00 and traded as low as C$9.93. Automotive Properties Real Est Invt TR shares last traded at C$9.96, with a volume of 24,978 shares changing hands.
Wall Street Analyst Weigh In
Several brokerages have commented on APR.UN. Raymond James dropped their price objective on 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. Royal Bank of Canada dropped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$11.50 and set a “sector perform” rating on the stock in a report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$12.25.
Read Our Latest Stock Report on APR.UN
Automotive Properties Real Est Invt TR Price Performance
The company has a debt-to-equity ratio of 117.71, a current ratio of 0.78 and a quick ratio of 0.02. The stock has a 50 day moving average price of C$10.00 and a 200-day moving average price of C$10.25. The stock has a market capitalization of C$395.71 million, a price-to-earnings ratio of 7.22 and a beta of 0.88.
Automotive Properties Real Est Invt TR Announces Dividend
The company also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Wednesday, May 15th were paid a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend was Monday, April 29th. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 57.97%.
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.
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