Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is C$19.58.

Several brokerages have recently issued reports on AP.UN. Raymond James reduced their price objective on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. National Bankshares cut their price target on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. TD Securities cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. Royal Bank of Canada dropped their price objective on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Finally, Canaccord Genuity Group dropped their price objective on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a report on Thursday, May 2nd.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN stock opened at C$16.89 on Monday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The business has a 50 day simple moving average of C$16.41 and a 200-day simple moving average of C$17.01. The firm has a market capitalization of C$2.16 billion, a PE ratio of -4.60 and a beta of 1.23. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.01 and a 1 year high of C$21.35.

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.