Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Crosses 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$12.18 and traded as low as C$12.06. Automotive Properties Real Est Invt TR shares last traded at C$12.19, with a volume of 40,998 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. TD upped their target price on 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. Royal Bank Of Canada lifted their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Four research 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 presently has a consensus rating of “Moderate Buy” and an average target price of C$12.88.

Automotive Properties Real Est Invt TR Stock Down 0.5%

The firm has a market capitalization of C$669.49 million, a price-to-earnings ratio of 10.80 and a beta of 0.78. 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 company’s 50 day moving average price is C$12.18 and its 200 day moving average price is C$11.84.

Automotive Properties Real Est Invt TR (TSE:APR.UN) last released its earnings results on Thursday, August 13th. 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%.The firm had revenue of C$30.21 million for the quarter. As a group, research 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.