Automotive Properties Real Est Invt TR (TSE:APR.UN) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$10.57 and traded as low as C$9.99. Automotive Properties Real Est Invt TR shares last traded at C$10.12, with a volume of 45,230 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms have recently commented on APR.UN. 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. Raymond James dropped their target price on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. National Bankshares set a C$13.00 price target on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. TD Securities increased their price objective on 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. Finally, CIBC boosted their target price 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 three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$12.97.

Automotive Properties Real Est Invt TR Stock Performance

The stock’s fifty day moving average is C$10.57 and its 200-day moving average is C$11.37. 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 stock has a market cap of C$496.39 million, a price-to-earnings ratio of 6.66 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.