Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.56 and traded as high as C$17.15. Allied Properties Real Estate Investment Trust shares last traded at C$16.72, with a volume of 394,630 shares.
Analyst Ratings Changes
A number of brokerages have weighed in on AP.UN. Canaccord Genuity Group lowered their target price on Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a "hold" rating for the company in a report on Friday, May 2nd. Desjardins dropped their price objective on 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 note on Friday, May 2nd. Scotiabank dropped their target price on 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. CIBC decreased 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 report on Friday, May 2nd. Finally, Royal Bank of Canada reduced their target price on 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 note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of "Hold" and a consensus price target of C$17.53.
Read Our Latest Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Down 1.3%
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 company's fifty day simple moving average is C$15.41 and its 200 day simple moving average is C$16.53. The firm has a market capitalization of C$2.15 billion, a PE ratio of -4.56 and a beta of 1.26.
Allied Properties Real Estate Investment Trust Company Profile
(
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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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