Desjardins Has Lowered Expectations for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective cut by Desjardins from C$21.00 to C$20.00 in a report published on Friday morning, BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

A number of other brokerages also recently commented on AP.UN. Royal Bank of Canada upped 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. Raymond James dropped their target price 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 dropped 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 on the stock in a research note on Friday. Scotiabank decreased 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 note on Friday. 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 stock a “hold” rating in a research note on Monday, September 23rd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Stock Performance

AP.UN opened at C$17.96 on Friday. 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 has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The firm has a market capitalization of C$2.30 billion, a PE ratio of -4.87 and a beta of 1.26. The firm has a 50 day moving average of C$18.83 and a two-hundred day moving average of C$17.47.

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.