Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Recommendation of “Hold” from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is C$20.08.

Several research firms recently issued reports on AP.UN. National Bankshares cut their target price on 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 report on Friday, November 1st. Desjardins reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Canaccord Genuity Group upped their target price on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Raymond James cut their target price on shares of 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 note on Friday, November 1st. Finally, Scotiabank decreased their price target on shares of 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 Trading Up 0.7 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$17.34 on Friday. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.13 and a fifty-two week high of C$21.35. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The company has a market capitalization of C$2.22 billion, a P/E ratio of -4.70 and a beta of 1.26. The company has a fifty day moving average of C$18.34 and a 200 day moving average of C$17.71.

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.