Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target at C$20.08

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$20.08.

AP.UN has been the subject of a number of research reports. Scotiabank decreased their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a research note on Friday, November 1st. Raymond James dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research report on Friday, November 1st. National Bankshares reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating for the company in a research report on Friday, November 1st. Desjardins dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “hold” rating on the stock in a report on Friday, November 1st. Finally, Canaccord Genuity Group raised their target price on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a report on Monday, September 23rd.

Allied Properties Real Estate Investment Trust Trading Down 1.9 %

Shares of TSE:AP.UN opened at C$18.38 on Friday. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.13 and a twelve month 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. The firm has a market cap of C$2.35 billion, a P/E ratio of -4.98 and a beta of 1.26. The company has a 50 day moving average of C$18.95 and a 200-day moving average of C$17.49.

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.