Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.47 Average Price Target from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$19.47.

A number of research firms have weighed in on AP.UN. Desjardins decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a research note on Thursday, August 1st. National Bankshares reduced their price objective on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Raymond James dropped their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Finally, Scotiabank reduced their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Trading Up 4.2 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$18.82 on Friday. The firm’s 50 day moving average is C$17.02 and its 200 day moving average is C$16.96. The firm has a market capitalization of C$2.41 billion, a PE ratio of -5.11 and a beta of 1.23. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.01 and a 1 year high of C$21.35. 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

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.