Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Down 0.8% – Should You Sell?

Automotive Properties Real Est Invt TR (TSE:APR.UN) shares were down 0.8% during mid-day trading on Thursday . The company traded as low as C$11.03 and last traded at C$11.07. Approximately 12,563 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 24,178 shares. The stock had previously closed at C$11.16.

Analyst Ratings Changes

APR.UN has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their target price on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research note on Monday, September 16th. TD Securities lifted their price target on shares of 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. BMO Capital Markets increased their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Raymond James raised their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Finally, CIBC upped their price target on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$12.94.

Automotive Properties Real Est Invt TR Trading Down 0.2 %

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 simple moving average of C$11.94 and a 200-day simple moving average of C$11.16. The company has a market cap of C$542.00 million, a PE ratio of 7.27 and a beta of 0.92.

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.