Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.77 and traded as low as C$10.21. Automotive Properties Real Est Invt TR shares last traded at C$10.27, with a volume of 21,892 shares changing hands.

Wall Street Analyst Weigh In

APR.UN has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Scotiabank increased their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research report on Wednesday, November 20th. TD Securities increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 and gave the company a “hold” rating in a research report on Friday, November 15th. National Bankshares set a C$13.00 price objective on Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research report on Friday, December 20th. Finally, CIBC increased their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Automotive Properties Real Est Invt TR has an average rating of “Moderate Buy” and a consensus price target of C$12.97.

Automotive Properties Real Est Invt TR Price Performance

The stock has a fifty day moving average price of C$10.77 and a 200-day moving average price of C$11.39. The company has a market cap of C$503.74 million, a PE ratio of 6.76 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.

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.