Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$20.00 at National Bankshares

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective hoisted by National Bankshares from C$18.00 to C$20.00 in a research report issued to clients and investors on Wednesday, BayStreet.CA reports. National Bankshares’ price target would indicate a potential upside of 2.62% from the stock’s previous close.

Several other brokerages also recently weighed in on AP.UN. Canaccord Genuity Group increased their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a report on Monday, September 23rd. Desjardins lowered their price objective 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 research report on Thursday, August 1st. Scotiabank lowered their price objective 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 research report on Thursday, August 1st. Finally, Raymond James lowered their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Hold” and an average target price of C$19.67.

Allied Properties Real Estate Investment Trust Stock Down 0.5 %

TSE:AP.UN opened at C$19.49 on Wednesday. The firm has a market cap of C$2.49 billion, a PE ratio of -5.28 and a beta of 1.26. The company has a 50-day moving average of C$18.01 and a 200 day moving average of C$17.26. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.01 and a 1-year high of C$21.35. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

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.