Automotive Properties Real Est Invt TR (TSE:APR.UN) Shares Cross Below 50 Day Moving Average – What’s Next?

Automotive Properties Real Est Invt TR (TSE:APR.UN)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$12.15 and traded as low as C$11.85. Automotive Properties Real Est Invt TR shares last traded at C$11.86, with a volume of 27,153 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. TD raised their target price on shares of Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the stock a “hold” rating in a report on Friday, May 15th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Automotive Properties Real Est Invt TR currently has a consensus rating of “Moderate Buy” and an average target price of C$12.88.

Automotive Properties Real Est Invt TR Price Performance

The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a 50 day simple moving average of C$12.15 and a 200 day simple moving average of C$11.86. The stock has a market cap of C$654.59 million, a P/E ratio of 10.56 and a beta of 0.66.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last posted its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share (EPS) for the quarter. The company had revenue of C$30.21 million for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. Sell-side analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current fiscal year.

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 and other OEM dealership and service properties located in Canada and the United States. The REIT’s portfolio currently consists of 91 income-producing commercial properties, representing approximately 3.4 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec in Canada, and Florida and Ohio in the United States.