Allied Properties Real Estate Investment Trust (TSE:AP.UN - Free Report) had its price objective trimmed by Desjardins from C$21.00 to C$20.00 in a report issued on Friday, BayStreet.CA reports. The firm currently has a hold rating on the real estate investment trust's stock.
Several other equities analysts have also weighed in on the company. Scotiabank reduced their price objective on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an "outperform" rating for the company in a report on Friday. Royal Bank of Canada boosted their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a "sector perform" rating in a research note on Friday. National Bankshares reduced their target price on shares of 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 note on Friday. Canaccord Genuity Group upped their price target 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 research note on Monday, September 23rd. Finally, Raymond James reduced their price objective on shares of 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 note on Friday. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$20.08.
View Our Latest Analysis on AP.UN
Allied Properties Real Estate Investment Trust Stock Down 2.2 %
Allied Properties Real Estate Investment Trust stock traded down C$0.41 during trading on Friday, hitting C$17.96. 759,106 shares of the company were exchanged, compared to its average volume of 502,667. 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 has a 52 week low of C$15.13 and a 52 week high of C$21.35. The company has a market capitalization of C$2.30 billion, a P/E ratio of -4.90 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.
About Allied Properties Real Estate Investment Trust
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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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