Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$20.08 Consensus Target Price from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$20.08.

AP.UN has been the subject of a number of analyst reports. Desjardins decreased 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 research report on Friday, November 1st. Royal Bank of Canada lifted their price target 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 report on Friday, November 1st. Canaccord Genuity Group boosted their price target 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 report on Monday, September 23rd. Scotiabank cut 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 research report on Friday, November 1st. Finally, Raymond James decreased 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 report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Price Performance

TSE AP.UN opened at C$17.22 on Friday. The firm’s 50 day moving average is C$18.50 and its 200-day moving average is C$17.72. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$2.20 billion, a PE ratio of -4.67 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$21.35.

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.