Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) had its price objective dropped by equities research analysts at Raymond James from C$20.00 to C$19.00 in a research report issued on Monday,BayStreet.CA reports. Raymond James' price objective suggests a potential upside of 14.94% from the company's current price.
A number of other brokerages also recently weighed in on AP.UN. National Bankshares dropped their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a "sector perform" rating on the stock in a report on Friday, November 1st. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Desjardins cut 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 for the company in a research report on Friday, November 1st. Royal Bank of Canada boosted their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a "sector perform" rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group increased their price objective on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a "hold" rating in a report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$19.97.
Read Our Latest Stock Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Trading Down 1.1 %
Shares of TSE:AP.UN traded down C$0.19 during midday trading on Monday, reaching C$16.53. The company had a trading volume of 729,258 shares, compared to its average volume of 418,565. The company has a fifty day simple moving average of C$17.86 and a two-hundred day simple moving average of C$17.80. The firm has a market cap of C$2.12 billion, a price-to-earnings ratio of -4.48 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$21.33. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45.
About Allied Properties Real Estate Investment Trust
(
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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.
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