Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.59 Average Price Target from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$19.59.

AP.UN has been the subject of a number of recent research reports. National Bankshares cut their price target 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 note on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of 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 report on Friday, November 1st. Scotiabank decreased their price target on shares of 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, November 1st. Raymond James dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday, January 13th. Finally, Desjardins reduced their price objective on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Down 0.3 %

TSE:AP.UN opened at C$16.96 on Monday. The company has a market cap of C$2.17 billion, a PE ratio of -4.60 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. The company has a 50 day simple moving average of C$17.33 and a two-hundred day simple moving average of C$17.95. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.13 and a 12 month high of C$20.74.

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.