Automotive Properties Real Est Invt TR Expected to Post FY2018 Earnings of $1.00 Per Share (APR)

Automotive Properties Real Est Invt TR (TSE:APR) – Raymond James decreased their FY2018 earnings per share estimates for Automotive Properties Real Est Invt TR in a report released on Wednesday, November 14th. Raymond James analyst J. Rodrigues now forecasts that the company will post earnings of $1.00 per share for the year, down from their prior forecast of $1.02. Raymond James also issued estimates for Automotive Properties Real Est Invt TR’s Q4 2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.25 EPS and Q4 2019 earnings at $0.26 EPS.

Automotive Properties Real Est Invt TR (TSE:APR) last issued its earnings results on Monday, August 13th. The company reported C$0.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.26 by C($0.06). The firm had revenue of C$11.37 million during the quarter.

Separately, Desjardins reissued a “buy” rating on shares of Automotive Properties Real Est Invt TR in a research note on Tuesday, October 16th.

Shares of TSE APR opened at C$9.95 on Thursday. Automotive Properties Real Est Invt TR has a 52 week low of C$9.87 and a 52 week high of C$11.65.

The company also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Investors of record on Wednesday, October 31st will be paid a $0.067 dividend. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $0.80 annualized dividend and a dividend yield of 8.08%.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.

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Earnings History and Estimates for Automotive Properties Real Est Invt TR (TSE:APR)

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