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Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price Passes Above 200 Day Moving Average - Here's Why

Allied Properties Real Estate Investment Trust logo with Real Estate background

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) passed 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 changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AP.UN. Raymond James Financial lowered their price objective 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. Canaccord Genuity Group lowered 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 note on Friday, May 2nd. CIBC lowered their price objective 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. Desjardins lowered their price objective on 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 note on Friday, May 2nd. Finally, Royal Bank Of Canada lowered their price objective 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 note on Monday, May 5th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$17.53.

View Our Latest Research Report on AP.UN

Allied Properties Real Estate Investment Trust Price Performance

The stock has a 50 day moving average price of C$15.67 and a two-hundred day moving average price of C$16.46. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The company has a market capitalization of C$2.16 billion, a PE ratio of -4.58 and a beta of 1.26.

Allied Properties Real Estate Investment Trust Company Profile

(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.

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