Auto Prop Reit (TSE:APR – Get Rating) – Stock analysts at Cormark reduced their Q3 2023 EPS estimates for Auto Prop Reit in a research note issued on Monday, May 15th. Cormark analyst S. Srinivas now forecasts that the company will earn $0.24 per share for the quarter, down from their prior forecast of $0.25. Cormark also issued estimates for Auto Prop Reit’s Q4 2023 earnings at $0.23 EPS, Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.25 EPS and FY2024 earnings at $0.99 EPS.
Separately, Desjardins reissued a “hold” rating on shares of Auto Prop Reit in a research report on Monday, March 20th.
Auto Prop Reit Stock Performance
Auto Prop Reit Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Thursday, June 15th. Investors of record on Wednesday, May 31st will be issued a $0.067 dividend. This represents a $0.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Tuesday, May 30th.
About Auto Prop Reit
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.
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