Desjardins reiterated their buy rating on shares of Automotive Properties Real Est Invt TR (TSE:APR) in a research note issued to investors on Tuesday. Desjardins also issued estimates for Automotive Properties Real Est Invt TR’s Q3 2018 earnings at $0.25 EPS, Q4 2018 earnings at $0.24 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.07 EPS.
Shares of APR stock opened at C$9.95 on Tuesday. 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 issued its earnings results on Monday, August 13th. The company reported C$0.20 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.26 by C($0.06). 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$11.37 million during the quarter.
The business also recently announced a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be paid a $0.067 dividend. The ex-dividend date is Tuesday, October 30th. This represents a $0.80 dividend on an annualized basis and a yield of 8.08%.
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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