Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Raised to C$18.50 at Canaccord Genuity Group

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective raised by analysts at Canaccord Genuity Group from C$17.50 to C$18.50 in a report issued on Monday, BayStreet.CA reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s price target points to a potential downside of 6.42% from the stock’s current price.

AP.UN has been the subject of several other research reports. Raymond James reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Desjardins decreased their target price on 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 report on Thursday, August 1st. National Bankshares cut 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 research report on Thursday, August 1st. Finally, Scotiabank reduced 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 research note on Thursday, August 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$19.44.

Allied Properties Real Estate Investment Trust Trading Up 0.8 %

AP.UN opened at C$19.77 on Monday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The stock has a market capitalization of C$2.53 billion, a price-to-earnings ratio of -5.36 and a beta of 1.23. The business has a fifty day moving average price of C$17.48 and a 200 day moving average price of C$17.06. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.01 and a 12 month high of C$21.35.

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.