Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$20.00 at National Bankshares

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price lifted by analysts at National Bankshares from C$18.00 to C$20.00 in a note issued to investors on Wednesday, BayStreet.CA reports. National Bankshares’ target price indicates a potential upside of 1.68% from the stock’s previous close.

A number of other brokerages have also recently issued reports on AP.UN. Scotiabank decreased their target price on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Canaccord Genuity Group upped 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 report on Monday, September 23rd. Desjardins dropped their price objective 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 research note on Thursday, August 1st. Finally, Raymond James decreased their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust presently has a consensus rating of “Hold” and an average target price of C$19.67.

Allied Properties Real Estate Investment Trust Price Performance

Shares of AP.UN traded up C$0.10 during trading hours on Wednesday, hitting C$19.67. 94,850 shares of the company were exchanged, compared to its average volume of 503,988. The firm has a fifty day simple moving average of C$17.94 and a 200-day simple moving average of C$17.23. The company has a market capitalization of C$2.52 billion, a PE ratio of -5.33 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35.

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.