Allied Properties Real Estate Investment Trust (TSE:AP.UN – Get Free Report) dropped 4% on Wednesday . The company traded as low as C$16.66 and last traded at C$16.76. Approximately 208,777 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 469,052 shares. The stock had previously closed at C$17.45.
Analysts Set New Price Targets
AP.UN has been the topic of several research analyst reports. Canaccord Genuity Group lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. TD Securities dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. National Bankshares downgraded shares of Allied Properties Real Estate Investment Trust from an “outperform” rating to a “sector perform” rating and set a C$18.50 target price for the company. in a research report on Thursday, July 18th. Raymond James lowered their price target on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a report on Thursday, May 2nd. Finally, Royal Bank of Canada dropped their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, May 3rd. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of C$19.78.
Check Out Our Latest Stock Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Down 6.0 %
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.
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