Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN - Get Free Report) dropped 0.3% during mid-day trading on Monday . The stock traded as low as C$11.37 and last traded at C$11.48. Approximately 7,902 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 24,607 shares. The stock had previously closed at C$11.52.
Analyst Ratings Changes
Separately, National Bankshares lowered shares of Automotive Properties Real Est Invt TR from an "outperform" rating to a "sector perform" rating and reduced their price objective for the company from C$12.00 to C$10.75 in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of C$12.40.
Check Out Our Latest Analysis on APR.UN
Automotive Properties Real Est Invt TR Price Performance
The stock's 50-day moving average price is C$10.95 and its 200-day moving average price is C$10.57. The company has a market capitalization of C$560.15 million, a price-to-earnings ratio of 7.51 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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