Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Raised to C$20.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price hoisted by National Bankshares from C$18.00 to C$20.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other research firms also recently weighed in on AP.UN. Desjardins cut their price target on 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. Canaccord Genuity Group upped their price objective on 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. Raymond James lowered their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Finally, Scotiabank lowered their price objective on 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 report on Thursday, August 1st. Five 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.com, the company has an average rating of Hold and a consensus target price of C$19.67.

Allied Properties Real Estate Investment Trust Stock Down 0.1 %

AP.UN stock opened at C$19.47 on Wednesday. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$15.01 and a fifty-two week high of C$21.35. The business’s 50 day moving average price is C$18.04 and its two-hundred day moving average price is C$17.27. 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 company has a market capitalization of C$2.49 billion, a price-to-earnings ratio of -5.28 and a beta of 1.26.

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.