Allied Properties Real Estate Investment (TSE:AP.UN) PT Lowered to C$20.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective lowered by equities researchers at TD Securities from C$21.00 to C$20.00 in a report released on Wednesday, BayStreet.CA reports. TD Securities’ price objective points to a potential upside of 17.16% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Canaccord Genuity Group lowered their price objective on Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating on the stock in a research note on Thursday, February 1st. Raymond James decreased their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research note on Wednesday, March 13th. CIBC decreased their price target on Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research note on Wednesday, March 13th. National Bankshares decreased their price target on Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Sunday, February 4th. Finally, Desjardins decreased their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research note on Friday, February 2nd. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$20.22.

Allied Properties Real Estate Investment Stock Performance

TSE AP.UN opened at C$17.07 on Wednesday. The stock’s fifty day moving average is C$17.43 and its two-hundred day moving average is C$18.10. The firm has a market capitalization of C$2.18 billion, a P/E ratio of -4.33 and a beta of 1.16. The company has a debt-to-equity ratio of 60.48, a quick ratio of 0.12 and a current ratio of 0.73. Allied Properties Real Estate Investment has a fifty-two week low of C$15.01 and a fifty-two week high of C$24.42.

About Allied Properties Real Estate Investment

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.