Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Reduce” by Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned an average recommendation of “Reduce” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$17.97.

A number of equities analysts have issued reports on AP.UN shares. TD Securities raised their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Desjardins lowered shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 price target on the stock. in a research note on Monday, September 15th. Royal Bank Of Canada raised their price target on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Raymond James Financial lowered shares of Allied Properties Real Estate Investment Trust from a “market perform” rating to an “underperform” rating and raised their price target for the company from C$18.00 to C$18.75 in a research note on Wednesday, October 8th. Finally, National Bankshares lowered shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and raised their price target for the company from C$16.00 to C$17.00 in a research note on Wednesday, October 8th.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE AP.UN opened at C$18.80 on Friday. 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 firm’s 50-day moving average price is C$19.61 and its two-hundred day moving average price is C$17.59. Allied Properties Real Estate Investment Trust has a 52-week low of C$13.44 and a 52-week high of C$22.27. The stock has a market capitalization of C$2.63 billion, a P/E ratio of -4.74 and a beta of 1.50.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.