Allied Properties Real Estate Investment Trust (TSE:AP.UN - Free Report) had its price target boosted by Royal Bank of Canada from C$18.00 to C$19.00 in a research note published on Friday, BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust's stock.
A number of other analysts have also recently commented on AP.UN. Desjardins reduced their price objective 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 research report on Thursday, August 1st. National Bankshares reduced 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 research report on Friday. Raymond James reduced their price target on 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 report on Friday. Scotiabank upped their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 23rd. Finally, Canaccord Genuity Group upped 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. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of C$20.08.
Read Our Latest Stock Report on AP.UN
Allied Properties Real Estate Investment Trust Stock Performance
Allied Properties Real Estate Investment Trust stock traded down C$0.41 during mid-day trading on Friday, reaching C$17.96. 759,106 shares of the stock traded hands, compared to its average volume of 502,667. The stock has a market capitalization of C$2.30 billion, a PE ratio of -4.90 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 12-month low of C$15.13 and a 12-month high of C$21.35. The business's 50-day moving average is C$18.81 and its 200-day moving average is C$17.48.
Allied Properties Real Estate Investment Trust Company Profile
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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.
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