Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target at C$19.59

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$19.59.

A number of equities research analysts have recently issued reports on the stock. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a report on Friday, November 1st. Desjardins lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research note on Friday, November 1st. National Bankshares reduced their price target on shares of 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. Royal Bank of Canada increased their price objective 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 research report on Friday, November 1st. Finally, Raymond James dropped their price objective on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday, January 13th.

Allied Properties Real Estate Investment Trust Price Performance

TSE AP.UN opened at C$16.96 on Monday. 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 company has a market cap of C$2.17 billion, a PE ratio of -4.60 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.13 and a 52 week high of C$20.74. The firm’s 50-day simple moving average is C$17.33 and its two-hundred day simple moving average is C$17.95.

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.