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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have been given an average rating of "Hold" by the eight analysts that are currently covering the stock, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$17.53.

Several research firms have commented on AP.UN. 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 target price on 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. Canaccord Genuity Group cut their target price on Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a "hold" rating on the stock in a research note on Friday, May 2nd. CIBC cut their target price on 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 note on Friday, May 2nd. Finally, Royal Bank of Canada cut their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "sector perform" rating on the stock in a research note on Monday, May 5th.

Allied Properties Real Estate Investment Trust Stock Down 1.5%

Shares of AP.UN traded down C$0.24 on Tuesday, hitting C$15.77. The company's stock had a trading volume of 383,503 shares, compared to its average volume of 615,148. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The firm's fifty day moving average price is C$15.35 and its 200-day moving average price is C$16.65. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$13.44 and a fifty-two week high of C$20.74. The firm has a market capitalization of C$2.02 billion, a price-to-earnings ratio of -4.27 and a beta of 1.26.

About Allied Properties Real Estate Investment Trust

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.