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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is C$19.44.

A number of research firms have recently commented on AP.UN. Raymond James lowered their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Canaccord Genuity Group raised their target price on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research note on Monday, September 23rd. Scotiabank lowered their target price on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. National Bankshares lowered their target price on 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. Finally, Desjardins reduced their price objective on 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 report on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Trading Down 1.1 %

TSE AP.UN opened at C$19.73 on Tuesday. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.01 and a fifty-two week high of C$21.35. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The stock has a 50 day simple moving average of C$17.90 and a two-hundred day simple moving average of C$17.21. The stock has a market cap of C$2.52 billion, a P/E ratio of -5.35 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.