National Bankshares Trims Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price to C$18.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price lowered by National Bankshares from C$18.50 to C$18.00 in a research note released on Thursday morning, BayStreet.CA reports. The firm currently has a sector perform rating on the real estate investment trust’s stock.

AP.UN has been the topic of a number of other reports. Raymond James cut 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. Canaccord Genuity Group cut their price target on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a buy rating on the stock in a report on Thursday, May 2nd. Scotiabank cut their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an outperform rating on the stock in a report on Thursday. Desjardins cut their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a hold rating on the stock in a report on Thursday. Finally, TD Securities cut their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of C$19.58.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust stock opened at C$16.45 on Thursday. The stock has a market capitalization of C$2.10 billion, a price-to-earnings ratio of -4.31 and a beta of 1.17. Allied Properties Real Estate Investment Trust has a 52-week low of C$15.01 and a 52-week high of C$21.97. The stock’s 50 day moving average price is C$16.45 and its two-hundred day moving average price is C$17.24. The company has a debt-to-equity ratio of 62.23, a quick ratio of 0.12 and a current ratio of 0.67.

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.