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

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.99 and traded as low as C$10.63. Automotive Properties Real Est Invt TR shares last traded at C$10.70, with a volume of 12,567 shares traded.

Analyst Upgrades and Downgrades

APR.UN has been the topic of a number of research reports. CIBC raised their price target 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. 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. Raymond James reduced their price objective on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research note on Monday, January 13th. National Bankshares set a C$13.00 target price on shares of Automotive Properties Real Est Invt TR and gave the stock an “outperform” rating in a research note on Friday, December 20th. Finally, Scotiabank increased their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus price target of C$12.97.

Automotive Properties Real Est Invt TR Price Performance

The company has a market capitalization of C$524.84 million, a PE ratio of 7.04 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a current ratio of 2.24 and a quick ratio of 0.02. The stock’s 50 day simple moving average is C$10.99 and its 200-day simple moving average is C$11.36.

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.