Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$11.50 and traded as low as C$11.44. Automotive Properties Real Est Invt TR shares last traded at C$11.45, with a volume of 33,871 shares.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on APR.UN. Canaccord Genuity Group boosted their price target on Automotive Properties Real Est Invt TR from C$13.00 to C$13.50 and gave the stock a “buy” rating in a report on Friday, March 6th. BMO Capital Markets lifted their price objective on Automotive Properties Real Est Invt TR from C$12.00 to C$12.50 and gave the company a “market perform” rating in a research report on Friday, March 6th. Royal Bank Of Canada raised Automotive Properties Real Est Invt TR from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$12.50 to C$13.00 in a research report on Friday, March 6th. Finally, Raymond James Financial lifted their price objective on Automotive Properties Real Est Invt TR from C$12.50 to C$13.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Automotive Properties Real Est Invt TR currently has a consensus rating of “Moderate Buy” and an average price target of C$12.69.
View Our Latest Research Report on APR.UN
Automotive Properties Real Est Invt TR Stock Performance
Automotive Properties Real Est Invt TR (TSE:APR.UN – Get Free Report) last announced its quarterly earnings data on Wednesday, March 4th. The company reported C$0.27 EPS for the quarter. Automotive Properties Real Est Invt TR had a return on equity of 11.73% and a net margin of 76.20%. Research analysts forecast that Automotive Properties Real Est Invt TR will post 1.0136327 earnings per share for the current year.
Automotive Properties Real Est Invt TR Company Profile
Automotive Properties Real Estate Investment Trust is an unincorporated open-ended real estate investment trust focused on investing in high-quality Canadian automotive properties tenanted by automotive dealership groups and automotive brands ranging from mass-market to ultra-luxury. The company holds a portfolio of best-in-class properties located in strategic Canadian urban markets across Ontario, British Columbia, Alberta, Saskatchewan, Manitoba, and Quebec. The primary objectives of the REIT are to provide Unitholders with stable, sustainable and growing cash distributions, and to enhance and expand the REIT’s asset portfolio to maximize Unitholder value.
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