Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Moderate Buy” by Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$19.58.

AP.UN has been the topic of several recent research reports. National Bankshares dropped their target price on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 1st. Raymond James reduced their target price 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. Royal Bank of Canada lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, May 3rd. Canaccord Genuity Group reduced their price objective 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 research note on Thursday, May 2nd. Finally, Scotiabank decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Trading Up 4.3 %

AP.UN opened at C$17.73 on Monday. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The stock’s 50 day moving average price is C$16.54 and its 200-day moving average price is C$16.97. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35. The stock has a market cap of C$2.27 billion, a price-to-earnings ratio of -4.80 and a beta of 1.23.

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.