Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report)’s stock price passed 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 traded.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Raymond James cut their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research note on Friday, March 7th. Desjardins dropped their price objective on shares of 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 raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. National Bankshares lowered their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating on the stock in a research note on Friday, March 7th. Finally, CIBC cut their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.61.
Check Out Our Latest Report on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Stock Performance
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.
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