Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$20.08 Consensus Target Price from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has received an average rating of "Hold" from the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have assigned 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$20.08.

AP.UN has been the topic of a number of recent research reports. Scotiabank cut their price objective on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an "outperform" rating on the stock in a research report on Friday. Desjardins cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a "hold" rating on the stock in a 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 on the stock in a research report on Friday. Canaccord Genuity Group boosted their price objective 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, Royal Bank of Canada upped their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a "sector perform" rating in a research note on Friday.

Allied Properties Real Estate Investment Trust Trading Down 2.2 %

Shares of AP.UN traded down C$0.41 during midday trading on Friday, hitting C$17.96. 759,600 shares of the stock were exchanged, compared to its average volume of 502,667. Allied Properties Real Estate Investment Trust has a 52-week low of C$15.13 and a 52-week high of C$21.35. 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 fifty day simple moving average of C$18.83 and a 200 day simple moving average of C$17.48. The firm has a market cap of C$2.30 billion, a P/E ratio of -4.87 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.