Automotive Properties Real Est Invt TR (TSE:APR.UN) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$10.88 and traded as low as C$10.46. Automotive Properties Real Est Invt TR shares last traded at C$10.50, with a volume of 19,360 shares traded.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BMO Capital Markets lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a report on Monday, October 28th. National Bankshares set a C$13.00 target price on shares of Automotive Properties Real Est Invt TR and gave the company an “outperform” rating in a research note on Friday, December 20th. Raymond James decreased their price target on Automotive Properties Real Est Invt TR from C$13.75 to C$12.75 in a research report on Monday, January 13th. CIBC raised their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a report on Friday, November 15th. Finally, Scotiabank boosted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$12.97.

Automotive Properties Real Est Invt TR Stock Performance

The stock has a market capitalization of C$513.06 million, a P/E ratio of 6.88 and a beta of 0.92. The stock has a 50 day simple moving average of C$10.84 and a two-hundred day simple moving average of C$11.37. The company has a quick ratio of 0.02, a current ratio of 2.24 and a debt-to-equity ratio of 78.62.

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.