Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of "Hold" from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have earned a consensus rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$17.53.

Several research analysts recently weighed in on AP.UN shares. Canaccord Genuity Group cut their price target on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a "hold" rating on the stock in a report on Friday, May 2nd. Raymond James Financial cut their price target 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 report on Friday, May 2nd. Desjardins cut their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "hold" rating on the stock in a report on Friday, May 2nd. Scotiabank cut their price target on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank Of Canada cut their price target on shares of 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 report on Monday, May 5th.

Allied Properties Real Estate Investment Trust Trading Down 0.2%

TSE:AP.UN opened at C$16.93 on Friday. 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 firm has a 50-day moving average of C$15.63 and a 200-day moving average of C$16.50. The company has a market cap of C$2.17 billion, a PE ratio of -4.59 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a one year low of C$13.44 and a one year high of C$20.74.

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.

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