Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Passes Above Two Hundred Day Moving Average of $17.03

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$17.03 and traded as high as C$19.51. Allied Properties Real Estate Investment Trust shares last traded at C$19.37, with a volume of 820,250 shares trading hands.

Analyst Ratings Changes

Several research analysts have weighed in on AP.UN shares. Scotiabank dropped their target price 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. Desjardins cut their price objective 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 reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Finally, Raymond James dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust has an average rating of “Moderate Buy” and a consensus price target of C$19.47.

Allied Properties Real Estate Investment Trust Stock Performance

The stock has a market cap of C$2.48 billion, a price-to-earnings ratio of -5.25 and a beta of 1.23. The firm has a fifty day simple moving average of C$17.36 and a 200 day simple moving average of C$17.03. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

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.