Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives C$17.53 Consensus Price Target from Analysts

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

A number of research firms recently weighed in on AP.UN. Raymond James Financial lowered 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. Desjardins reduced 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 research report on Friday, May 2nd. CIBC reduced their price target on shares of 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 report on Friday, May 2nd. Royal Bank Of Canada reduced 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 research report on Monday, May 5th. Finally, Canaccord Genuity Group reduced 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 research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Down 1.9%

Shares of AP.UN stock traded down C$0.34 on Wednesday, hitting C$17.86. The company's stock had a trading volume of 365,001 shares, compared to its average volume of 581,141. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. 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's fifty day moving average price is C$16.46 and its 200-day moving average price is C$16.47. The stock has a market capitalization of C$2.29 billion, a price-to-earnings ratio of -4.84 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.