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

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.88 and traded as low as C$10.46. Automotive Properties Real Est Invt TR shares last traded at C$10.50, with a volume of 19,360 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. TD Securities lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the stock a “hold” rating in a report on Friday, November 15th. Scotiabank lifted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. CIBC increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Raymond James dropped their price target on shares of Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. Finally, BMO Capital Markets upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$12.97.

Automotive Properties Real Est Invt TR Stock Down 2.1 %

The firm has a 50 day simple moving average of C$10.88 and a two-hundred day simple moving average of C$11.39. The stock has a market capitalization of C$515.03 million, a P/E ratio of 6.91 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

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.