Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given an average rating of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$19.47.

A number of research analysts recently issued reports on the stock. Desjardins decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating for the company in a research note on Thursday, August 1st. National Bankshares lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Scotiabank cut their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, Raymond James lowered their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN stock opened at C$18.07 on Friday. The firm has a 50 day moving average of C$16.98 and a two-hundred day moving average of C$16.95. The stock has a market capitalization of C$2.31 billion, a PE ratio of -4.90 and a beta of 1.23. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 week 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.