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

Key Points

• The stock price of Allied Properties Real Estate Investment Trust (TSE:AP.UN) has recently crossed above its 200-day moving average, indicating a significant trading moment with a last price of C$20.15.
• Analyst ratings on the stock vary, with Royal Bank of Canada and TD Securities raising their price objectives, reflecting a mix of buy and hold ratings among analysts.
• Allied Properties holds a market capitalization of C$2.82 billion and has a current ratio of 0.45, indicating potential liquidity concerns amid its operational challenges.

Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.77 and traded as high as C$20.45. Allied Properties Real Estate Investment Trust shares last traded at C$20.15, with a volume of 1,826,481 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AP.UN. Royal Bank Of Canada raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a "sector perform" rating in a research report on Friday, August 1st. TD Securities raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Desjardins raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a "hold" rating in a research report on Thursday, July 31st. Finally, National Bankshares reduced their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.25 to C$16.00 and set a "sector perform" rating for the company in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has a consensus rating of "Hold" and an average price target of C$17.64.

Allied Properties Real Estate Investment Trust Stock Performance

The firm's 50-day moving average price is C$18.13 and its two-hundred day moving average price is C$16.77. The firm has a market capitalization of C$2.82 billion, a PE ratio of -5.08 and a beta of 1.50. 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.

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