Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.59 Average PT from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given an average rating of “Hold” by the six research firms that are presently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is C$19.59.

A number of equities research analysts recently commented on AP.UN shares. Royal Bank of Canada lifted their price target 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. National Bankshares lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Desjardins lowered their price target on shares of 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. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a report on Friday, November 1st. Finally, Raymond James lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday, January 13th.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust stock opened at C$17.04 on Monday. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.13 and a 52 week high of C$20.74. The company’s 50 day moving average price is C$17.27 and its two-hundred day moving average price is C$17.94. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The stock has a market cap of C$2.18 billion, a P/E ratio of -4.62 and a beta of 1.26.

About Allied Properties Real Estate Investment Trust

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.