Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Up 3.4% - Should You Buy?

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) shares were up 3.4% during mid-day trading on Monday . The stock traded as high as C$14.89 and last traded at C$14.88. Approximately 161,258 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 652,643 shares. The stock had previously closed at C$14.39.

Wall Street Analysts Forecast Growth

Separately, 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 report on Monday, January 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$19.68.

Allied Properties Real Estate Investment Trust Stock Up 1.3 %

The stock has a market cap of C$1.97 billion, a P/E ratio of -4.17 and a beta of 1.26. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a 50-day simple moving average of C$16.41 and a two-hundred day simple moving average of C$17.53.

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.