Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Passes Below Fifty Day Moving Average of $13.19

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Rating) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$13.19 and traded as low as C$13.13. Automotive Properties Real Est Invt TR shares last traded at C$13.24, with a volume of 18,317 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. National Bankshares cut shares of Automotive Properties Real Est Invt TR from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$15.50 to C$13.00 in a research note on Wednesday, July 20th. TD Securities decreased their price target on shares of Automotive Properties Real Est Invt TR from C$16.50 to C$16.00 and set a “buy” rating on the stock in a research note on Monday, May 16th. CIBC reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$15.00 to C$14.25 in a research note on Monday, June 27th. Raymond James reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$15.75 to C$15.25 and set an “outperform” rating on the stock in a research note on Monday, May 16th. Finally, Royal Bank of Canada reduced their price objective on shares of Automotive Properties Real Est Invt TR from C$14.50 to C$13.75 and set a “sector perform” rating on the stock in a research note on Tuesday, May 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and an average target price of C$14.30.

Automotive Properties Real Est Invt TR Trading Down 0.5 %

The business’s 50-day moving average price is C$13.19 and its two-hundred day moving average price is C$13.79. The company has a market capitalization of C$525.68 million and a P/E ratio of 5.83. The company has a debt-to-equity ratio of 124.57, a current ratio of 0.52 and a quick ratio of 0.02.

Automotive Properties Real Est Invt TR Company Profile

(Get Rating)

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

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