Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$17.53

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have received an average rating of "Hold" from the eight research firms that are covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is C$17.53.

AP.UN has been the topic of several recent analyst reports. Desjardins cut their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "hold" rating on the stock in a research note on Friday, May 2nd. Raymond James cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a "market perform" rating on the stock in a research note on Friday, May 2nd. Scotiabank reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Canaccord Genuity Group decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a "hold" rating for the company in a research report on Friday, May 2nd. Finally, CIBC dropped their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a "neutral" rating on the stock in a research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of TSE AP.UN traded down C$0.09 during midday trading on Tuesday, hitting C$15.77. 172,290 shares of the company's stock were exchanged, compared to its average volume of 614,958. Allied Properties Real Estate Investment Trust has a twelve month low of C$13.44 and a twelve month high of C$20.74. The firm has a market cap of C$2.02 billion, a P/E ratio of -4.27 and a beta of 1.26. The stock's 50 day moving average price is C$15.38 and its 200-day moving average price is C$16.68. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.

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.