Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Passes Below 50 Day Moving Average of $13.19

Automotive Properties Real Est Invt TR (TSE:APR.UNGet Rating)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.19 and traded as low as C$13.13. Automotive Properties Real Est Invt TR shares last traded at C$13.24, with a volume of 18,317 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APR.UN. CIBC lowered their price objective on shares of Automotive Properties Real Est Invt TR from C$15.00 to C$14.25 in a research note on Monday, June 27th. Royal Bank of Canada reduced their target price on shares of Automotive Properties Real Est Invt TR from C$14.50 to C$13.75 and set a “sector perform” rating for the company in a report on Tuesday, May 17th. BMO Capital Markets downgraded shares of Automotive Properties Real Est Invt TR from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$14.85 to C$13.50 in a report on Monday, July 4th. National Bankshares downgraded shares of Automotive Properties Real Est Invt TR from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$15.50 to C$13.00 in a report on Wednesday, July 20th. Finally, Cormark reduced their target price on shares of Automotive Properties Real Est Invt TR from C$15.50 to C$14.25 in a report on Monday, May 16th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$14.30.

Automotive Properties Real Est Invt TR Stock Down 0.5 %

The company has a debt-to-equity ratio of 124.57, a quick ratio of 0.02 and a current ratio of 0.52. The stock has a market cap of C$525.68 million and a P/E ratio of 5.83. The stock’s fifty day simple moving average is C$13.19 and its 200-day simple moving average is C$13.79.

About Automotive Properties Real Est Invt TR

(Get Rating)

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.

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