Allied Properties Real Estate Investment Trust (TSE:AP.UN) Share Price Passes Above Two Hundred Day Moving Average - Here's What Happened

Key Points

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Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.53 and traded as high as C$18.29. Allied Properties Real Estate Investment Trust shares last traded at C$18.17, with a volume of 637,146 shares traded.

Analysts Set New Price Targets

AP.UN has been the subject of a number of research analyst reports. Scotiabank reduced their target price 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 target price 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. Raymond James Financial reduced their target price 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 target price 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. Finally, TD Securities raised their target price 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. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust presently has an average rating of "Hold" and a consensus price target of C$17.64.

Allied Properties Real Estate Investment Trust Stock Up 1.9%

The stock has a market capitalization of C$2.38 billion, a price-to-earnings ratio of -5.04 and a beta of 1.26. The business has a fifty day moving average of C$17.57 and a 200 day moving average of C$16.57. 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 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.