Automotive Properties Real Est Invt TR (APR) to Issue Monthly Dividend of $0.07 on May 15th

Automotive Properties Real Est Invt TR (TSE:APR) announced a monthly dividend on Monday, April 16th, Zacks reports. Stockholders of record on Monday, April 30th will be given a dividend of 0.067 per share on Tuesday, May 15th. This represents a $0.80 annualized dividend and a dividend yield of 8.08%. The ex-dividend date is Friday, April 27th.

Automotive Properties Real Est Invt TR stock 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.

Automotive Properties Real Est Invt TR (TSE:APR) last released its quarterly earnings data on Tuesday, March 20th. The company reported C$0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.25. Automotive Properties Real Est Invt TR had a net margin of 120.10% and a return on equity of 31.49%. The company had revenue of C$10.86 million during the quarter.

APR has been the subject of several recent research reports. Desjardins reissued a “buy” rating on shares of Automotive Properties Real Est Invt TR in a research report on Wednesday, March 21st. National Bank Financial reissued a “sector perform under weight” rating on shares of Automotive Properties Real Est Invt TR in a research report on Monday, March 26th.

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About Automotive Properties Real Est Invt TR

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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