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

Key Points

• Allied Properties Real Estate Investment Trust has received an average recommendation of "Hold" from nine analysts, with a majority assigning hold ratings and only two issuing buy ratings.
• Recent brokerage reports have adjusted price targets, with the average 12-month price target now at C$17.64, reflecting a range of C$16.00 to C$20.00.
• The stock is currently trading around C$17.20, with a market cap of C$2.20 billion and a notable debt-to-equity ratio of 71.71.

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) has been given an average recommendation of "Hold" by the nine brokerages that are covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$17.64.

Several brokerages have recently issued reports on AP.UN. Raymond James Financial reduced their price objective on Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a "market perform" rating for the company in a research note on Friday, May 2nd. National Bankshares reduced their price objective on 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 note on Thursday, July 31st. Scotiabank reduced their price objective on 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. CIBC reduced their price objective on Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, TD Securities raised their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st.

Allied Properties Real Estate Investment Trust Trading Up 0.1%

Allied Properties Real Estate Investment Trust stock opened at C$17.20 on Friday. The stock has a 50-day moving average of C$17.24 and a two-hundred day moving average of C$16.52. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. 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$2.20 billion, a PE ratio of -4.66 and a beta of 1.26.

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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