Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Hold” from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$19.97.

AP.UN has been the subject of several research analyst reports. Desjardins reduced their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a research report on Friday, November 1st. National Bankshares decreased their price objective on 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 raised their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a report on Friday, November 1st. Canaccord Genuity Group increased their target price on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Finally, Raymond James cut their price objective on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday.

Allied Properties Real Estate Investment Trust Trading Up 1.1 %

Shares of AP.UN stock opened at C$16.87 on Thursday. 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 stock has a 50-day simple moving average of C$17.76 and a 200 day simple moving average of C$17.81. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.13 and a fifty-two week high of C$21.33. The stock has a market capitalization of C$2.16 billion, a P/E ratio of -4.57 and a beta of 1.26.

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.