Royal Bank of Canada Issues Positive Forecast for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target increased by Royal Bank of Canada from C$18.00 to C$19.00 in a research report sent to investors on Friday, BayStreet.CA reports. Royal Bank of Canada currently has a sector perform rating on the real estate investment trust’s stock.

Several other analysts also recently issued reports on the company. National Bankshares decreased their target price on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research note on Friday. Scotiabank raised their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a report on Wednesday, October 23rd. 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 for the company in a report on Thursday, August 1st. Canaccord Genuity Group raised their price target on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Raymond James cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating for the company in a report on Friday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN traded down C$0.41 on Friday, hitting C$17.96. 759,600 shares of the company’s stock traded hands, compared to its average volume of 502,667. The company’s 50 day simple moving average is C$18.83 and its 200-day simple moving average is C$17.48. The firm has a market cap of C$2.30 billion, a price-to-earnings ratio of -4.87 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a one year low of C$15.13 and a one year high of C$21.35. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71.

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.