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

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been assigned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$19.59.

Several equities analysts have recently commented on the company. National Bankshares cut their price target 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, November 1st. Scotiabank cut their price target 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, November 1st. Raymond James cut their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 in a research note on Monday, January 13th. Royal Bank of Canada raised their price target on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Friday, November 1st. 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 on the stock in a research report on Friday, November 1st.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of Allied Properties Real Estate Investment Trust stock opened at C$17.03 on Thursday. The firm has a market cap of C$2.18 billion, a P/E ratio of -4.62 and a beta of 1.26. 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$15.13 and a 12 month high of C$20.85. The stock’s fifty day moving average price is C$17.62 and its 200-day moving average price is C$17.87.

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.