Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Down 1.4% – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN) fell 1.4% on Friday . The company traded as low as C$10.43 and last traded at C$10.47. 21,105 shares traded hands during trading, a decline of 23% from the average session volume of 27,408 shares. The stock had previously closed at C$10.62.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. National Bankshares set a C$13.00 price target on Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research report on Friday, December 20th. TD Securities raised their target price on shares of 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 raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. CIBC upped their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Finally, BMO Capital Markets lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research note on Monday, October 28th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, Automotive Properties Real Est Invt TR presently has an average rating of “Moderate Buy” and an average target price of C$12.95.

Automotive Properties Real Est Invt TR Stock Performance

The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The stock’s 50 day moving average price is C$11.32 and its 200 day moving average price is C$11.28. The company has a market capitalization of C$513.55 million, a price-to-earnings ratio of 6.89 and a beta of 0.92.

Automotive Properties Real Est Invt TR Company Profile

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.