Allied Properties Real Estate Investment Trust (TSE:AP.UN) PT Raised to C$18.50 at Canaccord Genuity Group

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective upped by Canaccord Genuity Group from C$17.50 to C$18.50 in a research note issued on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity Group’s target price would suggest a potential downside of 6.42% from the stock’s current price.

A number of other equities analysts have also weighed in on AP.UN. Scotiabank reduced 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. Raymond James decreased their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a report on Friday, September 6th. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.50 to C$18.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Finally, Desjardins cut 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 report on Thursday, August 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$19.44.

Allied Properties Real Estate Investment Trust Stock Up 0.8 %

TSE:AP.UN opened at C$19.77 on Monday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The company’s fifty day moving average price is C$17.48 and its 200-day moving average price is C$17.06. Allied Properties Real Estate Investment Trust has a 1-year low of C$15.01 and a 1-year high of C$21.35. The firm has a market capitalization of C$2.53 billion, a P/E ratio of -5.36 and a beta of 1.23.

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.