Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses Below 50-Day Moving Average of $12.39

Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Rating)’s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$12.39 and traded as low as C$11.52. Automotive Properties Real Est Invt TR shares last traded at C$11.90, with a volume of 38,166 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upgraded Automotive Properties Real Est Invt TR from a “hold” rating to a “buy” rating in a research note on Thursday, December 22nd. Scotiabank lowered Automotive Properties Real Est Invt TR from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$14.00 to C$13.00 in a research report on Friday, November 18th. National Bankshares lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a report on Monday, January 30th. Finally, Raymond James lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$13.25 and set an “outperform” rating for the company in a report on Thursday, December 22nd. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Hold” and an average target price of C$13.08.

Automotive Properties Real Est Invt TR Stock Performance

The business’s 50-day simple moving average is C$12.39 and its two-hundred day simple moving average is C$12.43. The firm has a market cap of C$472.79 million, a price-to-earnings ratio of 5.98 and a beta of 0.91. The company has a quick ratio of 0.02, a current ratio of 1.34 and a debt-to-equity ratio of 112.13.

Automotive Properties Real Est Invt TR Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, January 16th. Investors of record on Monday, January 16th were paid a dividend of $0.067 per share. The ex-dividend date was Thursday, December 29th. This represents a $0.80 annualized dividend and a yield of 6.76%. Automotive Properties Real Est Invt TR’s dividend payout ratio is presently 40.20%.

About Automotive Properties Real Est Invt TR

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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.