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)’s stock price was down 0.8% during mid-day trading on Thursday . The stock traded as low as C$11.03 and last traded at C$11.07. Approximately 12,563 shares were traded 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.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on APR.UN. BMO Capital Markets boosted their target price on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 in a research report on Monday, October 28th. Canaccord Genuity Group boosted their price objective 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 report on Monday, September 16th. Scotiabank raised their target price on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 in a research note on Wednesday, November 20th. Raymond James lifted their price target on shares of Automotive Properties Real Est Invt TR from C$12.00 to C$13.00 in a research note on Friday, September 6th. Finally, Royal Bank of Canada increased their price target on shares of Automotive Properties Real Est Invt TR from C$11.50 to C$12.50 in a research report on Monday, August 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$12.94.

Automotive Properties Real Est Invt TR Stock Performance

The stock’s 50-day moving average price is C$11.99 and its 200-day moving average price is C$11.16. The company has a current ratio of 2.24, a quick ratio of 0.02 and a debt-to-equity ratio of 78.62. The company has a market capitalization of C$542.98 million, a P/E 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.