Brokerages Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT at C$19.44

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$19.67.

Several research analysts recently issued reports on the stock. 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 target on shares of 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. National Bankshares increased their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a research report on Wednesday, October 9th. Raymond James lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Finally, Scotiabank lowered their price target on shares of 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.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE:AP.UN opened at C$19.47 on Tuesday. The company has a 50-day simple moving average of C$18.10 and a 200-day simple moving average of C$17.29. 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 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 has a market capitalization of C$2.49 billion, a price-to-earnings ratio of -5.28 and a beta of 1.26.

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.