Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.51 and traded as high as C$17.03. Allied Properties Real Estate Investment Trust shares last traded at C$16.97, with a volume of 227,012 shares traded.
Wall Street Analyst Weigh In
A number of brokerages have issued reports on AP.UN. CIBC decreased 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 report on Friday, May 2nd. Royal Bank Of Canada decreased their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a "sector perform" rating for the company in a research report on Monday, May 5th. Scotiabank decreased 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 report on Friday, May 2nd. Raymond James Financial 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 research report on Friday, May 2nd. Finally, Canaccord Genuity Group reduced their price objective 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 research report on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of C$17.53.
Get Our Latest Stock Analysis on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Up 0.7%
The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The firm has a 50 day simple moving average of C$15.58 and a 200-day simple moving average of C$16.51. The stock has a market capitalization of C$2.17 billion, a price-to-earnings ratio of -4.60 and a beta of 1.26.
About Allied Properties Real Estate Investment Trust
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Allied Properties Real Estate Investment Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Allied Properties Real Estate Investment Trust wasn't on the list.
While Allied Properties Real Estate Investment Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
