Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Pass Below Fifty Day Moving Average - Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report)'s stock price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.88 and traded as low as C$10.46. Automotive Properties Real Est Invt TR shares last traded at C$10.50, with a volume of 19,360 shares trading hands.

Wall Street Analysts Forecast Growth

APR.UN has been the topic of a number of research reports. Raymond James decreased their price target 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. Scotiabank raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. 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. BMO Capital Markets raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Finally, National Bankshares set a C$13.00 target price on shares of Automotive Properties Real Est Invt TR and gave the stock an "outperform" rating in a research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR has an average rating of "Moderate Buy" and a consensus price target of C$12.97.

Automotive Properties Real Est Invt TR Stock Up 0.5 %

The business's 50 day moving average is C$10.84 and its 200-day moving average is C$11.39. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The company has a market cap of C$515.52 million, a PE ratio of 6.91 and a beta of 0.92.

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.