Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Cross Above 200-Day Moving Average – Here’s Why

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UNGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.56 and traded as high as C$18.13. Allied Properties Real Estate Investment Trust shares last traded at C$18.06, with a volume of 413,077 shares.

Wall Street Analysts Forecast Growth

AP.UN has been the subject of a number of research reports. Raymond James cut their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating for the company in a research note on Friday, November 1st. Scotiabank cut their price target on shares of 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 note on Friday, November 1st. Royal Bank of Canada boosted their price target 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 research note on Friday, November 1st. National Bankshares cut their price target on shares of 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 research note on Friday, November 1st. Finally, Desjardins lowered their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$20.08.

View Our Latest Research Report on Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust Stock Down 0.6 %

The stock’s fifty day moving average is C$19.06 and its 200 day moving average is C$17.56. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$2.31 billion, a P/E ratio of -4.89 and a beta of 1.26.

Allied Properties Real Estate Investment Trust Company Profile

(Get Free Report)

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.

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