Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$19.78.

Several research firms have commented on AP.UN. 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 price objective for the company. in a report on Thursday, July 18th. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating for the company in a report on Thursday, May 2nd. Raymond James lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating for the company in a report on Thursday, May 2nd. TD Securities lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Finally, Canaccord Genuity Group lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating for the company in a report on Thursday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Down 5.2 %

AP.UN opened at C$16.55 on Thursday. The firm has a 50-day simple moving average of C$16.48 and a two-hundred day simple moving average of C$17.33. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 week high of C$22.08. The company has a market capitalization of C$2.12 billion, a PE ratio of -4.33 and a beta of 1.17. The company has a quick ratio of 0.12, a current ratio of 0.67 and a debt-to-equity ratio of 62.23.

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.