Automotive Properties Real Est Invt TR (TSE:APR.UN) Hits New 52-Week Low – Time to Sell?

Shares of Automotive Properties Real Est Invt TR (TSE:APR.UN) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$9.50 and last traded at C$9.69, with a volume of 94884 shares. The stock had previously closed at C$10.00.

Analysts Set New Price Targets

A number of analysts have commented on APR.UN shares. Raymond James decreased their target price on Automotive Properties Real Est Invt TR from C$12.75 to C$12.25 and set an “outperform” rating on the stock in a research report on Friday, March 7th. Desjardins decreased their price objective on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Canaccord Genuity Group dropped their target price on shares of Automotive Properties Real Est Invt TR from C$13.50 to C$13.00 and set a “buy” rating for the company in a report on Thursday, March 6th. CIBC cut their target price on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.50 and set an “outperform” rating for the company in a research report on Friday, March 7th. Finally, TD Securities lowered their price target on shares of Automotive Properties Real Est Invt TR from C$13.00 to C$12.00 and set a “hold” rating on the stock in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$12.53.

Automotive Properties Real Est Invt TR Price Performance

The company’s 50 day simple moving average is C$10.31 and its 200 day simple moving average is C$11.15. 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 stock has a market capitalization of C$482.65 million, a PE ratio of 6.47 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.