Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Cross Below 50 Day Moving Average - Time to Sell?

Key Points

• Crossed below 50-day moving average: APR.UN slipped under its 50‑day MA of C$11.51, trading as low as C$11.42 and last at C$11.52 on volume of 39,331 shares, signaling short‑term technical weakness.
• Analyst sentiment is mildly positive: Several firms raised ratings/targets on March 6; the consensus is a Moderate Buy with a target price of C$12.69 (four Buys, four Holds).
• Key fundamentals and risks: Market cap ~C$635.3M, P/E 14.02 and last quarter EPS C$0.27, but leverage is notable with a debt-to-equity 78.62, and ROE 11.73%.

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.51 and traded as low as C$11.42. Automotive Properties Real Est Invt TR shares last traded at C$11.52, with a volume of 39,331 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on APR.UN. Canaccord Genuity Group raised their price objective on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a "buy" rating in a research report on Friday, March 6th. BMO Capital Markets raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the stock a "market perform" rating in a research report on Friday, March 6th. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a "sector perform" rating to an "outperform" rating and raised their price objective for the stock from C$12.50 to C$13.00 in a research report on Friday, March 6th. Finally, Raymond James Financial raised their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$12.69.

Automotive Properties Real Est Invt TR Price Performance

The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a market cap of C$635.27 million, a P/E ratio of 14.02 and a beta of 0.70. The company has a 50-day moving average of C$11.51 and a 200 day moving average of C$11.23.

Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) last posted its earnings results on Wednesday, March 4th. The company reported C$0.27 EPS for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. On average, sell-side analysts anticipate that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.

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. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT's asset portfolio to maximize Unitholder value.

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