Automotive Properties Real Est Invt TR (TSE:APR.UN) Stock Price Down 0.8% – Here’s Why

Automotive Properties Real Est Invt TR (TSE:APR.UN) was down 0.8% during trading on Thursday . The stock traded as low as C$11.03 and last traded at C$11.07. Approximately 12,563 shares changed 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.

Analysts Set New Price Targets

APR.UN has been the topic of a number of research reports. Royal Bank of Canada upped their price target on Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a report on Monday, August 19th. Canaccord Genuity Group upped their target price on Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the company a “buy” rating in a report on Monday, September 16th. Raymond James lifted their price target on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. CIBC boosted their price objective on shares of Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Finally, TD Securities raised their target price 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 report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

The company’s fifty day moving average price is C$11.99 and its two-hundred day moving average price is C$11.16. The company has a debt-to-equity ratio of 78.62, a quick ratio of 0.02 and a current ratio of 2.24. The firm has a market capitalization of C$542.98 million, a PE ratio of 7.28 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.