Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$19.67.

Several brokerages have recently weighed in on AP.UN. Desjardins decreased their target price 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 research note on Thursday, August 1st. National Bankshares raised their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 in a research note on Wednesday. Canaccord Genuity Group boosted their price target on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research note on Monday, September 23rd. 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 for the company in a research note on Thursday, August 1st. Finally, Raymond James cut their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock opened at C$19.47 on Tuesday. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a one year low of C$15.01 and a one year high of C$21.35. The stock’s 50 day moving average price is C$18.04 and its 200 day moving average price is C$17.27. The firm has a market capitalization of C$2.49 billion, a PE ratio of -5.28 and a beta of 1.26.

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.