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

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) have earned a consensus recommendation of "Hold" from the eight analysts that are covering the company, MarketBeat.com reports. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$17.53.

AP.UN has been the topic of several analyst reports. 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. 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. 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. Scotiabank reduced 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 research report on Friday, May 2nd. Finally, Raymond James Financial reduced 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 research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN traded up C$0.07 during trading on Wednesday, reaching C$17.88. The company's stock had a trading volume of 394,065 shares, compared to its average volume of 581,561. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The firm has a fifty day simple moving average of C$16.58 and a two-hundred day simple moving average of C$16.48. Allied Properties Real Estate Investment Trust has a 1 year low of C$13.44 and a 1 year high of C$20.74. The company has a market cap of C$2.29 billion, a price-to-earnings ratio of -4.85 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.