Scotiabank Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$21.75

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price reduced by analysts at Scotiabank from C$22.00 to C$21.75 in a note issued to investors on Friday, BayStreet.CA reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Scotiabank’s target price points to a potential upside of 21.10% from the stock’s current price.

AP.UN has been the topic of several other reports. Royal Bank of Canada raised their target price 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. Desjardins cut their price target 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. Raymond James dropped their target price 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 note on Friday. National Bankshares dropped their price objective on 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 research report on Friday. Finally, Canaccord Genuity Group increased their price objective 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 report on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust presently has an average rating of “Hold” and an average target price of C$20.08.

Allied Properties Real Estate Investment Trust Trading Down 2.2 %

TSE AP.UN opened at C$17.96 on Friday. 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 stock has a 50-day moving average of C$18.83 and a 200-day moving average of C$17.48. The firm has a market cap of C$2.30 billion, a PE ratio of -4.87 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.13 and a 1-year high of C$21.35.

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.