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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$20.08.

A number of equities analysts recently commented on AP.UN shares. Scotiabank dropped their price objective on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a report on Friday, November 1st. Royal Bank of Canada upped their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the stock a “sector perform” rating in a research report on Friday, November 1st. Desjardins dropped their price target 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 research report on Friday, November 1st. Raymond James decreased their price objective on shares of 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, November 1st. Finally, National Bankshares dropped their target price on shares of 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 report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN opened at C$18.38 on Friday. The stock has a fifty day moving average price of C$18.95 and a 200 day moving average price of C$17.49. 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 has a 1 year low of C$15.13 and a 1 year high of C$21.35. The stock has a market cap of C$2.35 billion, a price-to-earnings ratio of -4.98 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.