Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$20.08 Consensus PT from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$20.08.

A number of research firms recently weighed in on AP.UN. Canaccord Genuity Group upped their target price 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 research note on Monday, September 23rd. Scotiabank cut their target price on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research report on Friday. Raymond James lowered their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research report on Friday. National Bankshares cut their price objective on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a report on Friday. Finally, Royal Bank of Canada upped their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday.

Allied Properties Real Estate Investment Trust Price Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at C$18.21 on Friday. 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 fifty day moving average price of C$18.83 and a two-hundred day moving average price of C$17.46. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.13 and a fifty-two week high of C$21.35. The company has a market cap of C$2.33 billion, a PE ratio of -4.87 and a beta of 1.26.

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.