Allied Properties Real Estate Investment Trust (TSE:AP.UN - Get Free Report) had its target price hoisted by equities researchers at Royal Bank Of Canada from C$17.00 to C$18.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank Of Canada's price objective points to a potential upside of 5.63% from the stock's current price.
Other equities research analysts have also recently issued reports about the company. National Bankshares reduced their price target on 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 research note on Thursday. Canaccord Genuity Group reduced their price target 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 note on Friday, May 2nd. Desjardins upped their price target on Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a "hold" rating in a research note on Thursday. CIBC reduced their price target on 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 note on Friday, May 2nd. Finally, Raymond James Financial reduced their price target on 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. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$17.64.
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Allied Properties Real Estate Investment Trust Trading Down 1.5%
Allied Properties Real Estate Investment Trust stock traded down C$0.26 during trading hours on Friday, reaching C$17.04. The company had a trading volume of 295,014 shares, compared to its average volume of 587,833. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. The company has a 50-day moving average price of C$17.05 and a 200 day moving average price of C$16.52. The firm has a market cap of C$2.18 billion, a price-to-earnings ratio of -4.62 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 12-month low of C$13.44 and a 12-month 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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