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 been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$20.08.

Several equities analysts recently commented on the stock. Royal Bank of Canada upped 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 research report on Friday, November 1st. Desjardins dropped their price objective 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. National Bankshares reduced their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a report on Friday, November 1st. 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 stock a “hold” rating in a research note on Monday, September 23rd. Finally, Scotiabank reduced their price objective on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research note on Friday, November 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE AP.UN opened at C$17.22 on Friday. 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 company has a market cap of C$2.20 billion, a PE ratio of -4.67 and a beta of 1.26. The company has a 50-day simple moving average of C$18.45 and a 200-day simple moving average of C$17.71. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.13 and a 12 month 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.