National Bankshares Lowers Allied Properties Real Estate Investment (TSE:AP.UN) Price Target to C$19.00

Allied Properties Real Estate Investment (TSE:AP.UN) had its price objective dropped by National Bankshares from C$20.00 to C$19.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. National Bankshares’ price objective points to a potential upside of 11.31% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a “buy” rating for the company in a research note on Thursday, February 1st. TD Securities dropped their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 in a research note on Wednesday. Royal Bank of Canada dropped their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, February 2nd. Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an “outperform” rating for the company in a research note on Tuesday, March 12th. Finally, Desjardins dropped their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating for the company in a research note on Friday, February 2nd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Allied Properties Real Estate Investment has an average rating of “Moderate Buy” and an average target price of C$20.22.

Allied Properties Real Estate Investment Stock Down 0.6 %

AP.UN opened at C$17.07 on Wednesday. Allied Properties Real Estate Investment has a twelve month low of C$15.01 and a twelve month high of C$24.42. The company has a quick ratio of 0.12, a current ratio of 0.73 and a debt-to-equity ratio of 60.48. The company has a 50-day moving average price of C$17.43 and a 200 day moving average price of C$18.10. The company has a market cap of C$2.18 billion, a PE ratio of -4.33 and a beta of 1.16.

About Allied Properties Real Estate Investment

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.