Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report)'s share price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$10.12 and traded as low as C$10.09. Automotive Properties Real Est Invt TR shares last traded at C$10.19, with a volume of 9,202 shares traded.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on APR.UN shares. National Bankshares downgraded shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from C$12.00 to C$10.75 in a research report on Monday, April 14th. Raymond James reduced their target price on 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. Desjardins decreased their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "buy" rating for the company in a research report on Friday, March 7th. CIBC dropped their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an "outperform" rating on the stock in a research report on Friday, March 7th. Finally, TD Securities lowered their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a "hold" rating on the stock in a research note on Friday, March 7th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$12.40.
Read Our Latest Analysis on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Price Performance
The company's 50-day simple moving average is C$10.11 and its 200 day simple moving average is C$10.88. The company has a market capitalization of C$498.35 million, a P/E ratio of 6.68 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.
About Automotive Properties Real Est Invt TR
(
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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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