Automotive Properties Real Estate Investment Trust (OTCMKTS:APPTF) Trading Up 3% – Still a Buy?

Automotive Properties Real Estate Investment Trust (OTCMKTS:APPTF) shares shot up 3% during mid-day trading on Thursday . The stock traded as high as C$8.45 and last traded at C$8.45. 4,900 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 3,650 shares. The stock had previously closed at C$8.20.

Automotive Properties Real Estate Investment Trust Stock Up 3.0%

The stock’s fifty day simple moving average is C$8.26 and its 200 day simple moving average is C$8.20.

About Automotive Properties Real Estate Investment Trust

Automotive Properties Real Estate Investment Trust is a Canada-based real estate investment trust focused on owning and managing automotive-related commercial properties. Established in 2016, the trust acquires, leases and operates a diversified portfolio of properties that support the automotive industry, including dealership showrooms, parts distribution centers, service and collision repair facilities, as well as ancillary warehousing and logistics sites.

The trust’s core business activities involve sourcing high-quality assets in strategic locations, negotiating long-term triple-net leases with leading automotive brands and managing those properties to maintain and enhance their value.