National Bankshares Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$19.50

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective trimmed by National Bankshares from C$20.00 to C$19.50 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on AP.UN. Canaccord Genuity Group increased their target price 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. Desjardins dropped their target price 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 report on Thursday, August 1st. Raymond James dropped their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. Finally, Scotiabank raised their price objective on Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust has a consensus rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Stock Down 2.2 %

Shares of Allied Properties Real Estate Investment Trust stock traded down C$0.41 during trading hours on Friday, reaching C$17.96. 759,600 shares of the company were exchanged, compared to its average volume of 502,667. Allied Properties Real Estate Investment Trust has a 1 year low of C$15.13 and a 1 year high of C$21.35. The stock’s fifty day moving average is C$18.83 and its 200 day moving average is C$17.48. 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 firm has a market cap of C$2.30 billion, a PE ratio of -4.87 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.