Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given New C$19.00 Price Target at Raymond James

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price cut by stock analysts at Raymond James from C$20.00 to C$19.00 in a note issued to investors on Monday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 13.84% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Desjardins cut 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 report on Friday, November 1st. Scotiabank cut their target price on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research note on Friday, November 1st. National Bankshares decreased their price target 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 report on Friday, November 1st. Canaccord Genuity Group boosted their price objective 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. Finally, Royal Bank of Canada raised their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$19.97.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN opened at C$16.69 on Monday. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.13 and a 1 year high of C$21.33. 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 company has a market capitalization of C$2.14 billion, a price-to-earnings ratio of -4.52 and a beta of 1.26. The firm’s fifty day moving average price is C$17.79 and its two-hundred day moving average price is C$17.82.

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.