Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT at C$19.97

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has earned an average rating of "Hold" from the seven research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$19.97.

Several research firms have commented on AP.UN. Desjardins decreased 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. National Bankshares decreased their price objective on 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. Royal Bank of Canada lifted their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a "sector perform" rating in a research note on Friday, November 1st. Canaccord Genuity Group boosted their price target on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a "hold" rating in a research report on Monday, September 23rd. Finally, Raymond James cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of Allied Properties Real Estate Investment Trust stock traded up C$0.13 during trading hours on Thursday, reaching C$17.00. The company's stock had a trading volume of 306,948 shares, compared to its average volume of 414,113. Allied Properties Real Estate Investment Trust has a one year low of C$15.13 and a one year high of C$20.85. The company's 50 day simple moving average is C$17.72 and its 200 day simple moving average is C$17.80. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The stock has a market cap of C$2.18 billion, a P/E ratio of -4.61 and a beta of 1.26.

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.