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

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$10.43 and traded as low as C$10.05. Automotive Properties Real Est Invt TR shares last traded at C$10.06, with a volume of 33,336 shares changing hands.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Canaccord Genuity Group dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Raymond James dropped their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Desjardins cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Scotiabank boosted their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Finally, National Bankshares dropped their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$12.61.

Automotive Properties Real Est Invt TR Stock Performance

The stock’s 50-day moving average price is C$10.43 and its 200 day moving average price is C$11.32. 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 has a market cap of C$493.44 million, a P/E ratio of 6.62 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.