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

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$10.39 and traded as low as C$10.35. Automotive Properties Real Est Invt TR shares last traded at C$10.38, with a volume of 14,176 shares.

Analyst Ratings Changes

Several research analysts have commented on APR.UN shares. TD Securities lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating for the company in a report on Friday, March 7th. National Bankshares lowered their target price on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$12.00 and set an “outperform” rating for the company in a research note on Friday, March 7th. Desjardins cut their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Raymond James lowered their price objective on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, CIBC cut their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$12.53.

Automotive Properties Real Est Invt TR Price Performance

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 firm has a market cap of C$509.14 million, a price-to-earnings ratio of 6.83 and a beta of 0.92. The stock has a 50-day moving average price of C$10.39 and a 200 day moving average price of C$11.26.

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.