Automotive Properties Real Est Invt TR (TSE:APR.UN) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UNGet 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%

The company has a market cap of C$651.19 million, a price-to-earnings ratio of 10.68 and a beta of 0.66. 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 is C$12.06 and its 200 day moving average is C$11.87.

Automotive Properties Real Est Invt TR (TSE:APR.UNGet 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

(Get Free Report)

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

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