Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Passes Above 200 Day Moving Average of $17.13

Allied Properties Real Estate Investment Trust (TSE:AP.UN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.13 and traded as high as C$20.28. Allied Properties Real Estate Investment Trust shares last traded at C$20.22, with a volume of 610,216 shares.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AP.UN. National Bankshares reduced their target price 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 research note on Thursday, August 1st. Raymond James decreased their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Canaccord Genuity Group raised their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a report on Monday, September 23rd. Desjardins cut their price objective 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 report on Thursday, August 1st. Finally, Scotiabank cut their target price on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of C$19.44.

Allied Properties Real Estate Investment Trust Stock Up 0.7 %

The stock has a market capitalization of C$2.59 billion, a P/E ratio of -5.48 and a beta of 1.23. The firm’s fifty day moving average is C$17.69 and its 200-day moving average is C$17.13. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust Company Profile

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.