Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$12.07 and traded as low as C$11.43. Automotive Properties Real Est Invt TR shares last traded at C$11.69, with a volume of 63,775 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada upped their price objective on shares of 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 investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and a consensus price target of C$12.88.
Read Our Latest Research Report on Automotive Properties Real Est Invt TR
Automotive Properties Real Est Invt TR Trading Up 2.4%
Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported C$0.27 earnings per share for the quarter. Automotive Properties Real Est Invt TR had a net margin of 76.20% and a return on equity of 11.73%. The business had revenue of C$30.21 million during the quarter. Research analysts predict that Automotive Properties Real Est Invt TR will post 1.0136327 EPS for the current year.
Automotive Properties Real Est Invt TR Company Profile
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.
Further Reading
- Five stocks we like better than Automotive Properties Real Est Invt TR
- Aeluma’s Selloff Could Be Setting Up Its Next Big Move
- Crypto Bill Stalls, Smart Money Calls: Time to Buy the Dip?
- The September Scramble: Find Sanctuary in These 3 Defensive Dividend Stocks
- The Fed’s Rate Hike Could Backfire If Oil Prices Collapse
Receive News & Ratings for Automotive Properties Real Est Invt TR Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automotive Properties Real Est Invt TR and related companies with MarketBeat.com's FREE daily email newsletter.
