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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$17.53.

A number of equities analysts recently commented on AP.UN shares. TD Securities raised their target price on 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. Royal Bank Of Canada boosted their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, August 1st. 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 objective on the stock. in a report on Monday, September 15th. Finally, National Bankshares lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$16.25 to C$16.00 and set a “sector perform” rating on the stock in a research note on Thursday, July 31st.

Allied Properties Real Estate Investment Trust Stock Up 3.7%

Shares of TSE:AP.UN opened at C$21.97 on Monday. The stock has a 50 day moving average price of C$19.08 and a 200-day moving average price of C$17.21. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a 52-week low of C$13.44 and a 52-week high of C$21.99. The firm has a market capitalization of C$3.07 billion, a P/E ratio of -5.54 and a beta of 1.50.

About Allied Properties Real Estate Investment Trust

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.