Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Down 0.8% - Time to Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) fell 0.8% during mid-day trading on Thursday . The company traded as low as C$11.03 and last traded at C$11.07. 12,563 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 24,178 shares. The stock had previously closed at C$11.16.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. BMO Capital Markets upped their price objective 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. Scotiabank boosted their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. CIBC lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Finally, Canaccord Genuity Group raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a "buy" rating in a research note on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

The stock has a market capitalization of C$542.00 million, a P/E ratio of 7.24 and a beta of 0.92. 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 50 day simple moving average of C$11.96 and a two-hundred day simple moving average of C$11.16.

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.