Allied Properties Real Estate Investment (TSE:AP.UN) Reaches New 12-Month Low at $29.58

Allied Properties Real Estate Investment (TSE:AP.UNGet Rating) reached a new 52-week low during trading on Tuesday . The company traded as low as C$29.58 and last traded at C$29.64, with a volume of 41965 shares traded. The stock had previously closed at C$30.64.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AP.UN. BMO Capital Markets dropped their price target on Allied Properties Real Estate Investment from C$43.00 to C$42.00 in a research report on Friday, July 29th. Raymond James decreased their price target on shares of Allied Properties Real Estate Investment from C$52.00 to C$45.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. Scotiabank cut their price objective on shares of Allied Properties Real Estate Investment from C$47.25 to C$46.00 in a research report on Friday, July 29th. Finally, CIBC decreased their target price on shares of Allied Properties Real Estate Investment from C$47.50 to C$43.00 and set an “outperform” rating for the company in a research report on Friday, July 29th. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Allied Properties Real Estate Investment presently has a consensus rating of “Moderate Buy” and an average target price of C$47.78.

Allied Properties Real Estate Investment Trading Down 1.0 %

The business’s 50 day moving average price is C$32.46 and its 200-day moving average price is C$37.72. The company has a current ratio of 0.45, a quick ratio of 0.17 and a debt-to-equity ratio of 56.99. The company has a market cap of C$3.72 billion and a price-to-earnings ratio of 6.86.

Allied Properties Real Estate Investment Company Profile

(Get Rating)

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.

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