Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.
Wall Street Analyst Weigh In
AP.UN has been the subject of a number of research reports. Raymond James decreased 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 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 for the company in a research report on Friday, May 2nd. Royal Bank of Canada dropped their price objective 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 report on Monday, May 5th. 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 on the stock in a research note on Friday, May 2nd. Finally, Desjardins decreased their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$17.53.
Check Out Our Latest Stock Analysis on AP.UN
Allied Properties Real Estate Investment Trust Stock Up 2.1%
The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of -4.63 and a beta of 1.26. The business has a fifty day simple moving average of C$15.31 and a 200 day simple moving average of C$16.56. 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
(
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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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