Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$17.64

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.

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have received an average recommendation of "Hold" from the nine analysts that are currently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$17.64.

Several analysts recently commented on the stock. Desjardins upped their price target on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Canaccord Genuity Group cut their price objective 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. Raymond James Financial 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 for the company in a research report on Friday, May 2nd. TD Securities upped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Scotiabank cut 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 research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Down 1.0%

Shares of Allied Properties Real Estate Investment Trust stock traded down C$0.18 during trading hours on Friday, hitting C$17.66. The company had a trading volume of 233,919 shares, compared to its average volume of 583,754. The company's 50-day moving average is C$17.35 and its two-hundred day moving average is C$16.53. 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 company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The company has a market cap of C$2.26 billion, a P/E ratio of -4.79 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.