Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$17.53 Average PT from Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has earned an average rating of "Hold" from the eight brokerages 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 twelve-month price target among analysts that have issued ratings on the stock in the last year is C$17.53.

A number of brokerages recently commented on AP.UN. Royal Bank Of Canada decreased their price target on Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Desjardins decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "hold" rating for the company in a report on Friday, May 2nd. Raymond James Financial dropped their target price 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 decreased 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 for the company in a research note on Friday, May 2nd. Finally, Canaccord Genuity Group dropped their price objective 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.

Allied Properties Real Estate Investment Trust Stock Up 0.4%

Shares of TSE AP.UN traded up C$0.07 during mid-day trading on Friday, reaching C$16.98. 398,087 shares of the company's stock traded hands, compared to its average volume of 588,100. 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 business has a 50-day simple moving average of C$15.67 and a 200 day simple moving average of C$16.46. The stock has a market cap of C$2.17 billion, a P/E ratio of -4.60 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 1-year low of C$13.44 and a 1-year high of C$20.74.

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.