Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$22.00 at Scotiabank

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective raised by Scotiabank from C$21.00 to C$22.00 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on the stock. Raymond James dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Desjardins cut 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 note on Thursday, August 1st. National Bankshares boosted their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a research note on Wednesday, October 9th. Finally, Canaccord Genuity Group lifted their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust presently has an average rating of “Hold” and an average price target of C$19.78.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust stock opened at C$19.85 on Wednesday. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35. The business has a fifty day moving average price of C$18.54 and a 200-day moving average price of C$17.40. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a market capitalization of C$2.54 billion, a P/E ratio of -5.38 and a beta of 1.26.

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.