Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Down 1.4% – Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN) dropped 1.4% during mid-day trading on Friday . The company traded as low as C$10.43 and last traded at C$10.47. Approximately 21,105 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 27,408 shares. The stock had previously closed at C$10.62.

Analyst Upgrades and Downgrades

APR.UN has been the subject of a number of recent analyst reports. National Bankshares set a C$13.00 target price on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. Canaccord Genuity Group lifted their target price on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a report on Monday, September 16th. TD Securities boosted their target price on shares of 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. Scotiabank lifted their target price 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. Finally, CIBC raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and a consensus target price of C$12.95.

Automotive Properties Real Est Invt TR Stock Down 1.4 %

The firm has a 50-day moving average price of C$11.32 and a two-hundred day moving average price of C$11.27. The company has a market capitalization of C$513.55 million, a P/E ratio of 6.89 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.

About Automotive Properties Real Est Invt TR

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.