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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$19.97.

Several analysts have commented on the company. Scotiabank lowered their price target on Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating for the company in a report on Friday, November 1st. Royal Bank of Canada raised their target price on shares of 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. National Bankshares dropped their price target on shares of 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, November 1st. Raymond James decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a report on Monday, January 13th. Finally, 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 for the company in a report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Price Performance

Shares of TSE:AP.UN opened at C$17.25 on Thursday. The company has a market cap of C$2.21 billion, a P/E ratio of -4.67 and a beta of 1.26. The business has a fifty day simple moving average of C$17.67 and a 200-day simple moving average of C$17.86. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.13 and a 52 week high of C$20.85. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

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.