Automotive Properties Real Est Invt TR (APR.UN) to Issue Monthly Dividend of $0.07 on December 16th

Automotive Properties Real Est Invt TR (TSE:APR.UN) announced a monthly dividend on Thursday, November 28th, TickerTech reports. Stockholders of record on Monday, December 16th will be given a dividend of 0.067 per share on Monday, December 16th. This represents a $0.80 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, November 28th.

Shares of TSE APR.UN traded up C$0.24 during midday trading on Wednesday, hitting C$12.20. The company’s stock had a trading volume of 80,631 shares, compared to its average volume of 25,437. The stock has a fifty day moving average price of C$11.63 and a 200 day moving average price of C$10.84. Automotive Properties Real Est Invt TR has a one year low of C$8.45 and a one year high of C$12.16. The company has a current ratio of 0.09, a quick ratio of 0.01 and a debt-to-equity ratio of 142.91. The firm has a market capitalization of $363.52 million and a price-to-earnings ratio of 68.93.

APR.UN has been the topic of several research reports. BMO Capital Markets lowered their price target on shares of Automotive Properties Real Est Invt TR from C$11.75 to C$11.50 in a research report on Friday, August 16th. TD Securities boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “buy” rating in a research note on Monday, November 18th. National Bank Financial boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Royal Bank of Canada boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$11.25 to C$12.50 and gave the company a “sector perform” rating in a research note on Wednesday, November 20th. Finally, Raymond James reaffirmed a “market perform” rating and set a C$12.00 price objective on shares of Automotive Properties Real Est Invt TR in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of C$12.30.

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.

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Dividend History for Automotive Properties Real Est Invt TR (TSE:APR.UN)

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