Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.78 Average Price Target from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$19.78.

A number of equities analysts recently commented on the stock. Canaccord Genuity Group lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating for the company in a research note on Thursday, May 2nd. Raymond James lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating for the company in a research note on Thursday, May 2nd. TD Securities reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research report on Wednesday, April 24th. Royal Bank of Canada reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, May 3rd. Finally, Scotiabank reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a research report on Thursday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN opened at C$17.77 on Thursday. The company has a fifty day simple moving average of C$16.47 and a two-hundred day simple moving average of C$17.36. The company has a market cap of C$2.27 billion, a price-to-earnings ratio of -4.65 and a beta of 1.17. The company has a quick ratio of 0.12, a current ratio of 0.67 and a debt-to-equity ratio of 62.23. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 week high of C$22.08.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.