Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus rating of “Hold” from the six analysts that are covering the firm, Marketbeat Ratings 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 target price among analysts that have updated their coverage on the stock in the last year is C$19.68.

Separately, Raymond James reduced their target price 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 Trading Down 1.3 %

TSE:AP.UN opened at C$16.39 on Tuesday. The stock has a market cap of C$2.10 billion, a price-to-earnings ratio of -4.44 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a one year low of C$15.13 and a one year high of C$20.74. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The business’s 50-day simple moving average is C$17.00 and its 200 day simple moving average is C$17.91.

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.