Allied Properties Real Estate Investment Trust (TSE:AP.UN) Shares Cross Above 200-Day Moving Average - Should You Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report)'s stock 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 traded.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AP.UN. Royal Bank Of Canada decreased their price target on shares of 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. Raymond James Financial decreased their price target 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 note on Friday, May 2nd. Scotiabank decreased 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 note on Friday, May 2nd. Canaccord Genuity Group decreased their price target on shares of 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. Finally, Desjardins reduced 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 for the company in a research note 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$17.53.

Allied Properties Real Estate Investment Trust Trading Up 2.0%

The company has a market cap of C$2.31 billion, a PE ratio of -4.90 and a beta of 1.26. The stock's 50 day moving average is C$16.18 and its 200-day moving average is C$16.44. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71.

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.