Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Pass Below 50 Day Moving Average – Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.77 and traded as low as C$10.21. Automotive Properties Real Est Invt TR shares last traded at C$10.27, with a volume of 21,892 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on APR.UN shares. CIBC increased their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Scotiabank increased their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 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 company a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets upped their price objective 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 reduced their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$12.97.

Automotive Properties Real Est Invt TR Stock Down 1.3 %

The company has a 50-day moving average of C$10.75 and a two-hundred day moving average of C$11.39. The company has a market capitalization of C$503.74 million, a P/E ratio of 6.76 and a beta of 0.92. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.