Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Target Cut by Royal Bank Of Canada

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective decreased by stock analysts at Royal Bank Of Canada from C$10.00 to C$5.00 in a research note issued to investors on Monday, BayStreet reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank Of Canada‘s price objective suggests a potential upside of 23.15% from the stock’s current price.

Several other brokerages have also commented on AP.UN. Scotia decreased their price target on Allied Properties Real Estate Investment Trust from C$9.00 to C$5.50 and set a “sector perform” rating on the stock in a research note on Friday. Desjardins cut their price objective on Allied Properties Real Estate Investment Trust from C$9.75 to C$5.00 and set a “hold” rating for the company in a report on Friday. National Bank Financial upgraded shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “outperform” rating and reduced their target price for the company from C$5.50 to C$5.25 in a research note on Friday. Raymond James Financial lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$7.50 to C$5.00 and set a “market perform” rating on the stock in a report on Friday. Finally, TD dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$6.50 to C$4.75 and set a “hold” rating for the company in a research report on Friday. One analyst has rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$7.78.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock traded up C$0.03 on Monday, hitting C$4.06. The company’s stock had a trading volume of 1,505,064 shares, compared to its average volume of 1,028,973. The firm has a market cap of C$794.81 million, a P/E ratio of -0.35 and a beta of 0.96. 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 company has a fifty day moving average price of C$7.09 and a 200-day moving average price of C$9.56. Allied Properties Real Estate Investment Trust has a one year low of C$3.62 and a one year high of C$14.76.

Allied Properties Real Estate Investment Trust (TSE:AP.UN) last announced its quarterly earnings data on Wednesday, October 28th. The real estate investment trust reported C$0.13 earnings per share (EPS) for the quarter. The company had revenue of C$138.12 million during the quarter. Allied Properties Real Estate Investment Trust had a negative net margin of 89.93% and a negative return on equity of 8.01%. On average, equities analysts anticipate that Allied Properties Real Estate Investment Trust will post 1.84 earnings per share for the current year.

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.