Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.68 Consensus Target Price from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have been assigned an average rating of "Hold" from the six analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$19.68.

Separately, Raymond James cut their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday, January 13th.

Allied Properties Real Estate Investment Trust Stock Performance

TSE:AP.UN traded down C$0.90 during mid-day trading on Tuesday, reaching C$15.44. 1,333,589 shares of the stock were exchanged, compared to its average volume of 604,551. The stock has a market capitalization of C$1.98 billion, a P/E ratio of -4.18 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.13 and a 1 year high of C$20.74. The company has a 50 day simple moving average of C$16.93 and a 200-day simple moving average of C$17.88. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

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.