Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.42 and traded as low as C$11.41. Automotive Properties Real Est Invt TR shares last traded at C$11.50, with a volume of 55,273 shares.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on APR.UN. Royal Bank Of Canada upgraded Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$12.50 to C$13.00 in a research note on Friday, March 6th. Raymond James Financial increased their price target on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock an “outperform” rating in a research report on Friday, March 6th. Canaccord Genuity Group lifted their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, March 6th. Finally, BMO Capital Markets lifted their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research report on Friday, March 6th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$12.69.

Automotive Properties Real Est Invt TR Stock Performance

The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62. The business has a 50 day moving average price of C$11.42 and a two-hundred day moving average price of C$11.23. The stock has a market cap of C$623.98 million, a P/E ratio of 14.00 and a beta of 0.73.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last issued its earnings results on Wednesday, March 4th. The company reported C$0.27 earnings per share (EPS) for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. On average, sell-side analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

Automotive Properties Real Est Invt TR Company Profile

Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.