Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Hold” by Brokerages

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

AP.UN has been the subject of several research analyst reports. Scotiabank lowered their price objective 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 report on Friday, November 1st. Desjardins lowered their price target on 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. Royal Bank of Canada raised their price objective on 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 dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Finally, Raymond James reduced 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 on the stock in a research report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Down 1.6 %

TSE AP.UN opened at C$18.10 on Wednesday. The company has a market capitalization of C$2.32 billion, a price-to-earnings ratio of -4.91 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.13 and a 12 month high of C$21.35. The company’s fifty day moving average price is C$19.14 and its two-hundred day moving average price is C$17.59.

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.