Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.39 and traded as low as C$10.35. Automotive Properties Real Est Invt TR shares last traded at C$10.38, with a volume of 14,176 shares trading hands.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. National Bankshares reduced their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an "outperform" rating on the stock in a research report on Friday, March 7th. CIBC cut their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an "outperform" rating for the company in a research note on Friday, March 7th. Desjardins decreased their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "buy" rating on the stock in a research note on Friday, March 7th. Raymond James lowered their price target on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an "outperform" rating for the company in a report on Friday, March 7th. Finally, Canaccord Genuity Group reduced their price objective on shares of 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Automotive Properties Real Est Invt TR presently has an average rating of "Moderate Buy" and a consensus price target of C$12.53.
Read Our Latest Research Report on APR.UN
Automotive Properties Real Est Invt TR Stock Performance
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 stock has a 50-day moving average price of C$10.37 and a 200-day moving average price of C$11.22. The firm has a market capitalization of C$501.29 million, a PE ratio of 6.72 and a beta of 0.92.
Automotive Properties Real Est Invt TR Company Profile
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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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