Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Lowered to C$19.00 at Raymond James

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target trimmed by Raymond James from C$20.00 to C$19.00 in a research note published on Monday,BayStreet.CA reports.

A number of other brokerages also recently commented on AP.UN. Desjardins decreased their target price 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 report on Friday, November 1st. National Bankshares reduced their target price on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Canaccord Genuity Group raised their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Finally, Scotiabank reduced their price objective 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 report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$19.97.

Allied Properties Real Estate Investment Trust Trading Down 1.1 %

TSE AP.UN opened at C$16.53 on Monday. The firm has a market cap of C$2.12 billion, a PE ratio of -4.48 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.13 and a 1-year high of C$21.33. The stock has a 50-day moving average of C$17.86 and a 200-day moving average of C$17.80. 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.