Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Allied Properties Real Estate Investment Trust (TSE:AP.UN) has received a consensus rating of "Hold" from nine covering analysts, with seven recommending a hold and two a buy.
• The average twelve-month target price for the stock is C$17.64, with varying targets from analysts, including a boost from TD Securities to C$20.00.
• Currently trading at C$18.64, Allied Properties has a market capitalization of C$2.61 billion and a debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$17.64.

Several brokerages have recently commented on AP.UN. National Bankshares dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$16.25 to C$16.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. Desjardins boosted their price objective on Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a "hold" rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a "sector perform" rating in a research note on Friday, August 1st. Finally, TD Securities boosted their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a "buy" rating in a report on Thursday, July 31st.

Allied Properties Real Estate Investment Trust Trading Up 2.6%

Shares of AP.UN stock traded up C$0.50 on Thursday, reaching C$19.88. 611,957 shares of the stock were exchanged, compared to its average volume of 572,390. Allied Properties Real Estate Investment Trust has a one year low of C$13.44 and a one year high of C$20.74. The stock has a market cap of C$2.78 billion, a PE ratio of -5.01 and a beta of 1.50. 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 stock has a 50 day moving average price of C$17.91 and a 200 day moving average price of C$16.68.

Allied Properties Real Estate Investment Trust Company Profile

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada's major cities. Most of the total square footage in the company's real estate portfolio is located in Toronto and Montreal.