Auto Prop Reit (TSE:APR) Upgraded to “Moderate Buy” at Desjardins

Desjardins upgraded shares of Auto Prop Reit (TSE:APRFree Report) from a hold rating to a moderate buy rating in a report published on Thursday,Zacks.com reports.

Auto Prop Reit Price Performance

Auto Prop Reit (TSE:APRGet Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.25 by C$0.49. The business had revenue of C$23.52 million for the quarter.

Auto Prop Reit Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a dividend of $0.067 per share. This represents a $0.80 annualized dividend and a yield of ∞. The ex-dividend date was Thursday, October 31st.

Auto Prop Reit Company Profile

(Get Free Report)

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 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.

Read More

Receive News & Ratings for Auto Prop Reit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auto Prop Reit and related companies with MarketBeat.com's FREE daily email newsletter.