Automotive Properties Real Est Invt TR (TSE:APR.UN) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.88 and traded as low as C$10.46. Automotive Properties Real Est Invt TR shares last traded at C$10.50, with a volume of 19,360 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on APR.UN. Scotiabank raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. National Bankshares set a C$13.00 price target on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a report on Friday, December 20th. TD Securities upped their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. BMO Capital Markets lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Finally, Raymond James cut their price target on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Automotive Properties Real Est Invt TR has an average rating of “Moderate Buy” and a consensus target price of C$12.97.

Automotive Properties Real Est Invt TR Trading Down 2.1 %

The firm has a market cap of C$515.03 million, a price-to-earnings ratio of 6.91 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The business has a 50-day moving average of C$10.88 and a 200-day moving average of C$11.39.

Automotive Properties Real Est Invt TR 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 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.