Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$20.08 Average PT from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have been given a consensus rating of "Hold" by the seven research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is C$20.08.

Several research firms recently weighed in on AP.UN. Desjardins cut their price objective on 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. Scotiabank cut their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an "outperform" rating for the company in a report on Friday, November 1st. Royal Bank of Canada raised 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 research note on Friday, November 1st. Raymond James cut their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a "market perform" rating for the company in a research note on Friday, November 1st. Finally, Canaccord Genuity Group increased their target price 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.

Allied Properties Real Estate Investment Trust Stock Up 2.7 %

TSE AP.UN traded up C$0.46 on Friday, reaching C$17.51. The stock had a trading volume of 565,127 shares, compared to its average volume of 504,391. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$2.24 billion, a price-to-earnings ratio of -4.75 and a beta of 1.26. The business has a 50 day moving average price of C$18.59 and a 200 day moving average price of C$17.71. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.13 and a 1 year high of C$21.35.

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.