Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.47 Consensus Price Target from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus recommendation of “Moderate Buy” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$19.47.

Several research firms have recently issued reports on AP.UN. Desjardins reduced their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a research report on Thursday, August 1st. Scotiabank dropped their price target on shares of 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. Raymond James reduced their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Finally, National Bankshares dropped their price objective 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 report on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE:AP.UN opened at C$19.32 on Friday. The business has a fifty day simple moving average of C$17.29 and a 200-day simple moving average of C$17.01. 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. The company has a market cap of C$2.47 billion, a P/E ratio of -5.24 and a beta of 1.23.

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.