Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$19.68

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has received an average recommendation of "Hold" from the six analysts that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$19.68.

Separately, Raymond James dropped their price objective 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

Shares of AP.UN stock traded down C$0.07 on Tuesday, reaching C$16.68. The stock had a trading volume of 568,268 shares, compared to its average volume of 591,172. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. 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 stock has a market cap of C$2.13 billion, a P/E ratio of -4.52 and a beta of 1.26. The company has a 50 day simple moving average of C$16.98 and a 200 day simple moving average of C$17.90.

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.