Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$19.97 Consensus PT from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is C$19.59.

AP.UN has been the subject of several recent analyst reports. Desjardins dropped their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a research note on Friday, November 1st. Scotiabank lowered their target price on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research report on Friday, November 1st. National Bankshares lowered their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Raymond James lowered their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research report on Monday, January 13th. Finally, Royal Bank of Canada increased their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Down 0.5 %

AP.UN stock opened at C$17.03 on Thursday. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.13 and a 1-year high of C$20.85. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The company has a market capitalization of C$2.18 billion, a price-to-earnings ratio of -4.62 and a beta of 1.26. The business has a 50 day simple moving average of C$17.62 and a two-hundred day simple moving average of C$17.87.

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.