Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Raised to C$19.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective lifted 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. They currently have a sector perform rating on the real estate investment trust’s stock.

Several other research firms have also commented on AP.UN. National Bankshares reduced their price target on 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. Scotiabank boosted their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 23rd. Raymond James reduced 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 research report on Friday. Desjardins reduced 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 research report on Thursday, August 1st. Finally, 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 report on Monday, September 23rd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of C$20.08.

Allied Properties Real Estate Investment Trust Stock Down 2.2 %

TSE AP.UN traded down C$0.41 on Friday, reaching C$17.96. 759,600 shares of the stock traded hands, compared to its average volume of 502,667. 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 fifty day moving average price of C$18.83 and a 200-day moving average price of C$17.48. The company 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 12 month low of C$15.13 and a 12 month high of C$21.35.

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.