Automotive Properties Real Est Invt TR to Post FY2019 Earnings of $0.99 Per Share, National Bank Financial Forecasts (APR)

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Automotive Properties Real Est Invt TR (TSE:APR) – Equities researchers at National Bank Financial raised their FY2019 EPS estimates for shares of Automotive Properties Real Est Invt TR in a research report issued on Tuesday, November 13th. National Bank Financial analyst T. Woolley now anticipates that the company will post earnings per share of $0.99 for the year, up from their prior forecast of $0.98.

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

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

Shares of TSE:APR opened at C$9.95 on Friday. Automotive Properties Real Est Invt TR has a 12-month low of C$9.87 and a 12-month high of C$11.65.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, November 15th. Stockholders of record on Wednesday, October 31st were given a $0.067 dividend. This represents a $0.80 annualized dividend and a dividend yield of 8.08%. The ex-dividend date of this dividend was Tuesday, October 30th.

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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