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 share price passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.15 and traded as low as C$10.45. Automotive Properties Real Est Invt TR shares last traded at C$10.64, with a volume of 10,480 shares.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APR.UN. CIBC raised their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. BMO Capital Markets raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. Scotiabank lifted their price target 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. 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. Finally, Raymond James decreased their target price on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a report on Monday, January 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$12.93.

Automotive Properties Real Est Invt TR Stock Performance

The firm’s 50 day simple moving average is C$11.15 and its 200-day simple moving average is C$11.33. The company has a market capitalization of C$521.89 million, a price-to-earnings ratio of 7.00 and a beta of 0.92. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24.

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.