Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Increased to C$20.00 by Analysts at National Bankshares

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective upped by equities research analysts at National Bankshares from C$18.00 to C$20.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ price objective would suggest a potential upside of 1.68% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Desjardins lowered their target price 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 research report on Thursday, August 1st. Canaccord Genuity Group increased their price target on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Raymond James lowered 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$19.67.

Allied Properties Real Estate Investment Trust Stock Up 0.5 %

TSE AP.UN traded up C$0.10 during trading on Wednesday, hitting C$19.67. The stock had a trading volume of 94,850 shares, compared to its average volume of 503,988. The company has a market capitalization of C$2.52 billion, a PE ratio of -5.33 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.01 and a 12 month high of C$21.35. The company’s 50-day moving average price is C$17.94 and its two-hundred day moving average price is C$17.23. 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 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.