Raymond James Issues Pessimistic Forecast for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target reduced by Raymond James from C$20.00 to C$19.00 in a research report released on Monday,BayStreet.CA reports.

A number of other research firms have also recently commented on AP.UN. Scotiabank reduced 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. Desjardins decreased their price objective on 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. National Bankshares cut 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. Canaccord Genuity Group lifted their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research note on Monday, September 23rd. Finally, Royal Bank of Canada boosted their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of “Hold” and a consensus target price of C$19.97.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE AP.UN opened at C$16.87 on Monday. The stock’s 50-day simple moving average is C$17.76 and its two-hundred day simple moving average is C$17.81. The firm has a market capitalization of C$2.16 billion, a P/E ratio of -4.57 and a beta of 1.26. 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 twelve month low of C$15.13 and a twelve month high of C$21.33.

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.