Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Cross Above 200-Day Moving Average - What's Next?

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

AP.UN has been the subject of a number of analyst reports. Raymond James Financial cut their price objective on shares of 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. 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 on the stock in a research report on Friday, May 2nd. CIBC decreased their price objective 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 research report on Friday, May 2nd. Canaccord Genuity Group decreased 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 report on Friday, May 2nd. Finally, Desjardins decreased their price objective on shares of 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of C$17.53.

Allied Properties Real Estate Investment Trust Trading Up 0.6%

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's fifty day simple moving average is C$16.24 and its 200-day simple moving average is C$16.44. The company has a market capitalization of C$2.33 billion, a P/E ratio of -4.93 and a beta of 1.26.

Allied Properties Real Estate Investment Trust Company Profile

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.