Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Moderate Buy” from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned an average recommendation of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is C$19.47.

Several research analysts have recently weighed in on AP.UN shares. Desjardins decreased 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 for the company in a report on Thursday, August 1st. National Bankshares lowered their price target on Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a report on Thursday, August 1st. Scotiabank cut their price objective on 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, Raymond James lowered their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE AP.UN opened at C$19.14 on Friday. The firm has a market cap of C$2.45 billion, a P/E ratio of -5.19 and a beta of 1.23. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.01 and a twelve month high of C$21.35. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a 50 day moving average of C$17.09 and a 200 day moving average of C$16.97.

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.