Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$17.53.

A number of equities analysts recently commented on AP.UN shares. CIBC dropped their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Canaccord Genuity Group dropped their price target on Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a “hold” rating for the company in a research note on Friday, May 2nd. Raymond James Financial dropped their price target on Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a “market perform” rating for the company in a research note on Friday, May 2nd. Royal Bank Of Canada dropped their price target on Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Monday, May 5th. Finally, Scotiabank dropped their price target on Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating for the company in a research note on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

TSE AP.UN opened at C$18.22 on Wednesday. The business has a 50-day moving average price of C$16.39 and a 200-day moving average price of C$16.46. Allied Properties Real Estate Investment Trust has a twelve month low of C$13.44 and a twelve month high of C$20.74. The firm has a market cap of C$2.33 billion, a price-to-earnings ratio of -4.94 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 Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.