Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.43 and traded as high as C$17.75. Allied Properties Real Estate Investment Trust shares last traded at C$17.56, with a volume of 463,562 shares trading hands.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on AP.UN shares. Royal Bank Of Canada reduced their price target 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 report on Monday, May 5th. CIBC reduced their price target on Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a "neutral" rating on the stock in a research report on Friday, May 2nd. Raymond James Financial reduced their price target on Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a "market perform" rating on the stock in a research report on Friday, May 2nd. Scotiabank reduced their price target 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. Finally, Desjardins reduced their price target 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 report on Friday, May 2nd. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of C$17.53.
Read Our Latest Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Up 0.8%
The firm has a market capitalization of C$2.29 billion, a price-to-earnings ratio of -4.85 and a beta of 1.26. The stock has a fifty day moving average of C$16.13 and a two-hundred day moving average of C$16.44. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12.
About Allied Properties Real Estate Investment Trust
(
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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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