Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$20.08 Consensus Target Price from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned an average rating of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$20.08.

Several research firms recently weighed in on AP.UN. Raymond James dropped their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st. Desjardins reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada upped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Finally, National Bankshares lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at C$17.34 on Friday. The business has a 50 day moving average of C$18.34 and a 200 day moving average of C$17.71. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.13 and a 52 week high of C$21.35. The company has a market cap of C$2.22 billion, a PE ratio of -4.70 and a beta of 1.26. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust Company Profile

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.