Scotiabank Increases Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$22.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective boosted by analysts at Scotiabank from C$21.00 to C$22.00 in a report issued on Wednesday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 10.61% from the company’s previous close.

A number of other analysts have also commented on the stock. National Bankshares boosted their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a research note on Wednesday, October 9th. Canaccord Genuity Group lifted their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Raymond James lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Finally, Desjardins dropped 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 on the stock in a research report on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$19.78.

Allied Properties Real Estate Investment Trust Trading Down 2.1 %

Shares of TSE:AP.UN traded down C$0.42 during mid-day trading on Wednesday, reaching C$19.89. 356,689 shares of the company’s stock were exchanged, compared to its average volume of 498,776. The firm has a market capitalization of C$2.55 billion, a price-to-earnings ratio of -5.39 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.01 and a twelve month high of C$21.35. The business’s fifty day moving average price is C$18.48 and its 200-day moving average price is C$17.38.

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.