Automotive Properties Real Est Invt TR (TSE:APR.UN) Reaches New 12-Month Low - Time to Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) shares reached a new 52-week low on Monday . The stock traded as low as C$9.50 and last traded at C$9.69, with a volume of 94884 shares. The stock had previously closed at C$10.00.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on APR.UN. CIBC cut their price target on 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 cut their target price on 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 report on Friday, March 7th. National Bankshares lowered their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an "outperform" rating for the company in a research report on Friday, March 7th. Canaccord Genuity Group dropped their price objective 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. Finally, TD Securities reduced their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating for the company in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Automotive Properties Real Est Invt TR presently has a consensus rating of "Moderate Buy" and a consensus target price of C$12.53.

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 firm has a market capitalization of C$478.24 million, a PE ratio of 6.41 and a beta of 0.92. The company's fifty day simple moving average is C$10.18 and its 200 day simple moving average is C$11.05.

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.