Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$10.12 and traded as low as C$10.09. Automotive Properties Real Est Invt TR shares last traded at C$10.19, with a volume of 9,202 shares trading hands.

Analyst Ratings Changes

Several research firms have issued reports on APR.UN. Canaccord Genuity Group dropped their price target on Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. TD Securities cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Raymond James reduced their price target 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 report on Friday, March 7th. National Bankshares downgraded shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and lowered their price objective for the company from C$12.00 to C$10.75 in a report on Monday, April 14th. Finally, Desjardins reduced their target price 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 report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$12.40.

Automotive Properties Real Est Invt TR Price Performance

The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a 50 day moving average of C$10.12 and a 200-day moving average of C$10.93. The firm has a market capitalization of C$499.82 million, a P/E ratio of 6.70 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.

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