Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.48 and traded as high as C$18.16. Allied Properties Real Estate Investment Trust shares last traded at C$18.07, with a volume of 378,340 shares traded.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on AP.UN shares. Raymond James Financial reduced 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 report on Friday, May 2nd. Canaccord Genuity Group cut their price objective on 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. CIBC cut 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 report on Friday, May 2nd. Scotiabank dropped their price target on 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. Finally, Desjardins lowered their target price 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of "Hold" and an average target price of C$17.53.
Check Out Our Latest Stock Analysis on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Stock Up 0.1%
The business has a 50-day simple moving average of C$16.86 and a 200-day simple moving average of C$16.49. The company has a market cap of C$2.28 billion, a PE ratio of -4.82 and a beta of 1.26. 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
(
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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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