National Bankshares Trims Allied Properties Real Estate Investment (TSE:AP.UN) Target Price to C$19.00

Allied Properties Real Estate Investment (TSE:AP.UN - Get Free Report) had its target price lowered by research analysts at National Bankshares from C$20.00 to C$19.00 in a research note issued to investors on Wednesday, BayStreet.CA reports. The firm presently has an "outperform" rating on the real estate investment trust's stock. National Bankshares' target price indicates a potential upside of 10.59% from the company's current price.

A number of other research analysts have also recently commented on AP.UN. Desjardins cut their target price on Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a "hold" rating on the stock in a research note on Friday, February 2nd. Scotiabank decreased their price objective on shares of Allied Properties Real Estate Investment from C$22.25 to C$21.75 and set an "outperform" rating for the company in a report on Tuesday, March 12th. Royal Bank of Canada lowered their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an "outperform" rating for the company in a research report on Friday, February 2nd. Canaccord Genuity Group reduced their target price on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.50 and set a "buy" rating on the stock in a research report on Thursday, February 1st. Finally, Raymond James lowered their price target on Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$20.22.

Allied Properties Real Estate Investment Price Performance

Shares of TSE AP.UN traded down C$0.17 during mid-day trading on Wednesday, hitting C$17.18. 282,186 shares of the company's stock traded hands, compared to its average volume of 471,642. The company has a market capitalization of C$2.20 billion, a P/E ratio of -4.36 and a beta of 1.16. Allied Properties Real Estate Investment has a 1 year low of C$15.01 and a 1 year high of C$24.42. The company has a debt-to-equity ratio of 60.48, a current ratio of 0.73 and a quick ratio of 0.12. The company's 50-day moving average is C$17.43 and its two-hundred day moving average is C$18.11.

About Allied Properties Real Estate Investment

Allied is a leading owner, manager and developer of (i) distinctive urban workspace in Canada's major cities and (ii) network-dense urban data centres in Toronto that form Canada's hub for global connectivity. Allied's business is providing knowledge-based organizations with distinctive urban environments for creativity and connectivity.