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

Auto Prop Reit (TSE:APR) was upgraded by equities research analysts at Desjardins from a “hold” rating to a “moderate buy” rating in a report issued on Thursday,Zacks.com reports.

Auto Prop Reit Price Performance

Auto Prop Reit (TSE:APR) last announced its quarterly earnings results 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 firm had revenue of C$23.52 million for the quarter.

Auto Prop Reit Company Profile

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.