Raymond James Lowers Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$19.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective decreased by equities research analysts at Raymond James from C$20.00 to C$19.00 in a research note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 13.84% from the stock’s previous close.

A number of other equities analysts also recently issued reports on AP.UN. Desjardins lowered their price objective 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 research report on Friday, November 1st. Scotiabank dropped 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 on the stock in a research report on Friday, November 1st. National Bankshares decreased their price objective 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 report on Friday, November 1st. Royal Bank of Canada lifted 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 research note on Friday, November 1st. Finally, Canaccord Genuity Group boosted their price objective 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 note on Monday, September 23rd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Allied Properties Real Estate Investment Trust presently has a consensus rating of “Hold” and a consensus target price of C$19.97.

Allied Properties Real Estate Investment Trust Stock Up 1.0 %

Shares of TSE:AP.UN opened at C$16.69 on Monday. The firm has a market cap of C$2.14 billion, a P/E ratio of -4.52 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 12-month low of C$15.13 and a 12-month high of C$21.33. The business has a fifty day simple moving average of C$17.79 and a 200 day simple moving average of C$17.82. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

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.