Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Increased to C$18.50 by Analysts at Canaccord Genuity Group

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective boosted by Canaccord Genuity Group from C$17.50 to C$18.50 in a research note issued on Monday, BayStreet.CA reports. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price objective would indicate a potential downside of 5.27% from the stock’s previous close.

A number of other research firms also recently weighed in on AP.UN. 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 for the company in a research report on Thursday, August 1st. Raymond James lowered their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Scotiabank reduced their price target on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 1st. Finally, Desjardins dropped 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 note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$19.44.

Allied Properties Real Estate Investment Trust Price Performance

TSE:AP.UN traded up C$0.16 during trading hours on Monday, hitting C$19.53. 212,158 shares of the company’s stock traded hands, compared to its average volume of 499,025. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 week high of C$21.35. The business’s fifty day simple moving average is C$17.36 and its two-hundred day simple moving average is C$17.02. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The firm has a market cap of C$2.50 billion, a P/E ratio of -5.29 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.