Allied Properties Real Estate Investment (TSE:AP.UN) PT Lowered to C$18.75

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective decreased by stock analysts at Canaccord Genuity Group from C$20.25 to C$18.75 in a research report issued to clients and investors on Thursday, BayStreet.CA reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price target suggests a potential upside of 9.46% from the company’s previous close.

Other research analysts have also issued reports about the company. TD Securities decreased their target price on Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a report on Wednesday, April 24th. CIBC decreased their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a report on Wednesday, March 13th. Laurentian increased their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$23.00 in a research report on Monday, January 22nd. National Bankshares reduced their target price on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Wednesday, April 24th. Finally, Raymond James lowered their price target on shares of Allied Properties Real Estate Investment from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$19.83.

Allied Properties Real Estate Investment Price Performance

Shares of TSE AP.UN opened at C$17.13 on Thursday. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48. The business’s 50 day moving average price is C$17.31 and its two-hundred day moving average price is C$18.07. The company has a market cap of C$2.19 billion, a PE ratio of -4.35 and a beta of 1.16. Allied Properties Real Estate Investment has a twelve month low of C$15.01 and a twelve month high of C$23.33.

Allied Properties Real Estate Investment Company Profile

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.