Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Passes Below 50-Day Moving Average - Here's What Happened

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report)'s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$10.77 and traded as low as C$10.21. Automotive Properties Real Est Invt TR shares last traded at C$10.27, with a volume of 21,892 shares changing hands.

Analyst Ratings Changes

Several research firms have commented on APR.UN. CIBC boosted their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Scotiabank boosted their price target on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. TD Securities increased 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 report on Friday, November 15th. Raymond James decreased their target price 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. Finally, 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 report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of "Moderate Buy" and an average price target of C$12.97.

Automotive Properties Real Est Invt TR Stock Performance

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 capitalization of C$505.71 million, a price-to-earnings ratio of 6.78 and a beta of 0.92. The firm has a fifty day moving average of C$10.71 and a 200-day moving average of C$11.39.

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.