Allied Properties Real Estate Investment Trust (TSE:AP.UN - Free Report) had its price objective lifted by Desjardins from C$17.00 to C$18.00 in a report released on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the real estate investment trust's stock.
A number of other analysts also recently weighed in on the stock. Scotiabank reduced their target price 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 reduced 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 for the company in a research note on Friday, May 2nd. Raymond James Financial dropped their target price on shares of 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 note on Friday, May 2nd. TD Securities increased their price target 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 report on Thursday. Finally, National Bankshares cut their price target on shares of Allied Properties Real Estate Investment Trust from C$16.25 to C$16.00 and set a "sector perform" rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of C$17.64.
Check Out Our Latest Research Report on Allied Properties Real Estate Investment Trust
Allied Properties Real Estate Investment Trust Trading Down 1.3%
Allied Properties Real Estate Investment Trust stock traded down C$0.22 during mid-day trading on Thursday, reaching C$17.08. 451,557 shares of the company traded hands, compared to its average volume of 589,062. The firm's 50 day moving average price is C$17.09 and its 200 day moving average price is C$16.52. The firm has a market capitalization of C$2.19 billion, a price-to-earnings ratio of -4.63 and a beta of 1.26. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 52-week low of C$13.44 and a 52-week high of C$20.74.
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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