Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Passes Above 200 Day Moving Average of $17.13

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$17.13 and traded as high as C$20.28. Allied Properties Real Estate Investment Trust shares last traded at C$20.22, with a volume of 610,216 shares trading hands.

Analyst Ratings Changes

AP.UN has been the topic of several recent analyst reports. National Bankshares decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Desjardins dropped their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a report on Thursday, August 1st. Raymond James cut their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Canaccord Genuity Group upped their price target on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Scotiabank cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a report on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$19.44.

Allied Properties Real Estate Investment Trust Price Performance

The company has a 50-day simple moving average of C$17.69 and a 200-day simple moving average of C$17.13. 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 company has a market cap of C$2.59 billion, a price-to-earnings ratio of -5.48 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.