Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$22.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) had its price objective lifted by equities research analysts at Scotiabank from C$21.00 to C$22.00 in a note issued to investors on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the real estate investment trust's stock. Scotiabank's target price would indicate a potential upside of 10.83% from the company's previous close.

A number of other equities research analysts have also weighed in on AP.UN. Canaccord Genuity Group lifted their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a "hold" rating in a report on Monday, September 23rd. National Bankshares raised their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a report on Wednesday, October 9th. Desjardins lowered their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a "hold" rating for the company in a report on Thursday, August 1st. Finally, Raymond James cut their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and three have given 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$19.78.

Allied Properties Real Estate Investment Trust Trading Down 2.3 %

TSE:AP.UN traded down C$0.46 during midday trading on Wednesday, hitting C$19.85. 614,545 shares of the company traded hands, compared to its average volume of 500,037. The firm's fifty day moving average is C$18.48 and its 200-day moving average is C$17.38. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -5.39 and a beta of 1.26. 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 12-month low of C$15.01 and a 12-month high of C$21.35.

Allied Properties Real Estate Investment Trust Company Profile

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.