Allied Properties Real Estate Investment (TSE:AP.UN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Allied Properties Real Estate Investment (TSE:AP.UN) has earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is C$20.67.

A number of analysts recently weighed in on AP.UN shares. Royal Bank of Canada reduced their price objective on shares of Allied Properties Real Estate Investment from C$21.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, February 2nd. Desjardins reduced their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.50 and set a “hold” rating on the stock in a research report on Friday, February 2nd. Raymond James reduced their price objective on shares of Allied Properties Real Estate Investment from C$20.00 to C$19.25 in a research report on Wednesday, March 13th. National Bankshares reduced their price objective on shares of Allied Properties Real Estate Investment from C$22.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Sunday, February 4th. Finally, CIBC reduced their price objective on shares of Allied Properties Real Estate Investment from C$19.50 to C$19.00 in a research report on Wednesday, March 13th.

Allied Properties Real Estate Investment Stock Down 2.5 %

Shares of TSE AP.UN opened at C$17.33 on Tuesday. The firm’s 50-day moving average price is C$17.48 and its 200-day moving average price is C$18.13. The company has a current ratio of 0.73, a quick ratio of 0.12 and a debt-to-equity ratio of 60.48. The stock has a market capitalization of C$2.22 billion, a price-to-earnings ratio of -4.40 and a beta of 1.16. Allied Properties Real Estate Investment has a 12-month low of C$15.01 and a 12-month high of C$24.45.

Allied Properties Real Estate Investment Company Profile

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.