Allied Properties Real Estate Investment Trust (TSE:AP.UN) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.30 and traded as high as C$20.63. Allied Properties Real Estate Investment Trust shares last traded at C$20.57, with a volume of 497,582 shares traded.

Analyst Ratings Changes

A number of equities analysts have weighed in on AP.UN shares. National Bankshares lifted their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a research note on Wednesday, October 9th. Raymond James decreased their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Desjardins decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating for the company in a research note on Thursday, August 1st. Finally, Canaccord Genuity Group raised their price target on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research report on Monday, September 23rd. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$19.67.

Allied Properties Real Estate Investment Trust Trading Up 1.3 %

The firm has a market capitalization of C$2.63 billion, a PE ratio of -5.57 and a beta of 1.26. The company’s 50-day moving average price is C$18.17 and its 200-day moving average price is C$17.30. 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 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.