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

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. CIBC upped their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$13.00 in a research report on Friday, November 15th. Scotiabank increased their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a report on Wednesday, November 20th. Raymond James raised their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. BMO Capital Markets upped their target price on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Finally, Canaccord Genuity Group raised their price target on shares of Automotive Properties Real Est Invt TR from C$12.60 to C$13.50 and gave the stock a “buy” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Automotive Properties Real Est Invt TR has a consensus rating of “Moderate Buy” and an average target price of C$12.94.

Automotive Properties Real Est Invt TR Stock Down 0.2 %

The stock has a market cap of C$542.00 million, a price-to-earnings ratio of 7.27 and a beta of 0.92. The business’s 50 day moving average is C$11.94 and its 200-day moving average 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.

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 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.