Brokerages Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT at C$20.08

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$20.08.

Several analysts have recently weighed in on AP.UN shares. National Bankshares decreased their price target on shares of 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 note on Friday, November 1st. Raymond James decreased their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating for the company in a research report on Friday, November 1st. Desjardins lowered their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating for the company in a report on Friday, November 1st. Canaccord Genuity Group raised 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 research note on Monday, September 23rd. Finally, Scotiabank decreased their price objective on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Trading Down 0.2 %

Shares of AP.UN opened at C$18.17 on Wednesday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a market capitalization of C$2.33 billion, a price-to-earnings ratio of -4.92 and a beta of 1.26. The company has a 50-day moving average of C$19.11 and a 200 day moving average of C$17.62. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.13 and a 1-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.