Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given New C$18.50 Price Target at Canaccord Genuity Group

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price increased by investment analysts at Canaccord Genuity Group from C$17.50 to C$18.50 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective would suggest a potential downside of 5.27% from the stock’s current price.

AP.UN has been the subject of a number of other research reports. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Scotiabank decreased their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Desjardins lowered their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a report on Thursday, August 1st. Finally, Raymond James lowered their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$19.44.

Allied Properties Real Estate Investment Trust Trading Up 0.8 %

Shares of Allied Properties Real Estate Investment Trust stock traded up C$0.16 on Monday, reaching C$19.53. The company had a trading volume of 212,158 shares, compared to its average volume of 499,025. The firm’s 50 day moving average price is C$17.36 and its two-hundred day moving average price is C$17.02. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a 52-week low of C$15.01 and a 52-week high of C$21.35. The firm has a market cap of C$2.50 billion, a PE ratio of -5.29 and a beta of 1.23.

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.