Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.99 and traded as low as C$10.63. Automotive Properties Real Est Invt TR shares last traded at C$10.70, with a volume of 12,567 shares trading hands.

Analysts Set New Price Targets

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

Automotive Properties Real Est Invt TR Trading Down 1.0 %

The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The company’s fifty day moving average price is C$10.99 and its two-hundred day moving average price is C$11.36. The firm has a market cap of C$524.84 million, a PE ratio of 7.04 and a beta of 0.92.

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.