Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$20.00 at National Bankshares

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) had its target price hoisted by stock analysts at National Bankshares from C$18.00 to C$20.00 in a report issued on Wednesday, BayStreet.CA reports. National Bankshares' price target would suggest a potential upside of 2.15% from the company's previous close.

Several other research firms also recently issued reports on AP.UN. Desjardins cut their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a "hold" rating on the stock in a report on Thursday, August 1st. Canaccord Genuity Group raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a "hold" rating in a research note on Monday, September 23rd. Scotiabank dropped their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st. Finally, Raymond James reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$19.67.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock traded up C$0.01 during mid-day trading on Wednesday, reaching C$19.58. The company's stock had a trading volume of 264,566 shares, compared to its average volume of 504,858. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.01 and a twelve month high of C$21.35. The business has a 50 day moving average price of C$17.97 and a 200-day moving average price of C$17.24. The firm has a market cap of C$2.51 billion, a price-to-earnings ratio of -5.31 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.