Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Moderate Buy” by Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$19.47.

Several research analysts have issued reports on the company. 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 for the company in a research report on Thursday, August 1st. Scotiabank cut their price objective on Allied Properties Real Estate Investment Trust from C$21.25 to C$21.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Raymond James reduced their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research note on Friday, September 6th. Finally, National Bankshares lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE:AP.UN opened at C$19.14 on Friday. 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 12 month low of C$15.01 and a 12 month high of C$21.35. The company has a market capitalization of C$2.45 billion, a price-to-earnings ratio of -5.19 and a beta of 1.23. The firm’s 50-day moving average is C$17.09 and its 200 day moving average is C$16.97.

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.