Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Cut to C$18.00 by Analysts at Raymond James

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective lowered by Raymond James from C$19.00 to C$18.00 in a research report released on Friday, BayStreet.CA reports.

AP.UN has been the subject of a number of other reports. National Bankshares lowered their price objective on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a sector perform rating for the company in a research report on Thursday, August 1st. Scotiabank lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an outperform rating for the company in a report on Thursday, August 1st. Finally, Desjardins reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a hold rating on the stock in a research note on Thursday, August 1st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust presently has a consensus rating of Moderate Buy and an average price target of C$19.47.

Allied Properties Real Estate Investment Trust Stock Down 2.7 %

Shares of AP.UN opened at C$16.81 on Friday. The stock has a market capitalization of C$2.15 billion, a price-to-earnings ratio of -4.56 and a beta of 1.23. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 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 stock has a fifty day moving average of C$16.90 and a 200-day moving average of C$16.97.

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.