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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received an average recommendation of “Hold” from the seven ratings firms that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$19.97.

Several research firms have weighed in on AP.UN. Raymond James cut their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday. National Bankshares decreased their target price on 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 note on Friday, November 1st. Royal Bank of Canada upped their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Desjardins lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. Finally, Scotiabank lowered their target price 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 report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Up 1.1 %

AP.UN opened at C$16.87 on Thursday. The firm has a 50 day simple moving average of C$17.76 and a 200 day simple moving average of C$17.81. 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 fifty-two week low of C$15.13 and a fifty-two week high of C$21.33. The company has a market cap of C$2.16 billion, a price-to-earnings ratio of -4.57 and a beta of 1.26.

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.