Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Passes Below 50 Day Moving Average – Here’s Why

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$11.20 and traded as low as C$10.90. Automotive Properties Real Est Invt TR shares last traded at C$10.92, with a volume of 28,815 shares.

Wall Street Analyst Weigh In

APR.UN has been the topic of a number of recent analyst reports. TD Securities raised their price target on Automotive Properties Real Est Invt TR from C$11.00 to C$12.00 and gave the company a “hold” rating in a report on Friday, August 15th. Scotiabank cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “sector perform” rating for the company in a research report on Friday, October 24th. National Bankshares lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Friday, October 24th. Finally, Desjardins dropped their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set a “buy” rating for the company in a research note on Friday, October 24th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of “Moderate Buy” and an average target price of C$12.46.

Automotive Properties Real Est Invt TR Stock Up 0.1%

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 simple moving average of C$11.20 and a 200 day simple moving average of C$11.19. The company has a market cap of C$585.64 million, a P/E ratio of 15.56 and a beta of 0.19.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec.