Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.46 and traded as high as C$19.70. Allied Properties Real Estate Investment Trust shares last traded at C$19.46, with a volume of 361,522 shares changing hands.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Canaccord Genuity Group lifted 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 research note on Monday, September 23rd. National Bankshares cut their target price on 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 research note on Friday. Desjardins dropped their price objective on 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 note on Friday. Royal Bank of Canada boosted their price objective 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 note on Friday. Finally, 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 research note on Friday. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of C$20.08.

Allied Properties Real Estate Investment Trust Stock Down 2.2 %

The business has a fifty day moving average price of C$18.81 and a two-hundred day moving average price of C$17.48. 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 firm has a market cap of C$2.30 billion, a PE ratio of -4.90 and a beta of 1.26.

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.