Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Rating of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned an average rating of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$19.59.

Separately, Raymond James lowered their price objective on shares of 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 Stock Performance

AP.UN opened at C$17.26 on Friday. The business’s 50 day moving average is C$17.11 and its 200-day moving average is C$17.95. The stock has a market cap of C$2.21 billion, a PE ratio of -4.68 and a beta of 1.26. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.13 and a twelve month high of C$20.74.

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.