Desjardins Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$20.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target cut by Desjardins from C$21.00 to C$20.00 in a research report released on Friday, BayStreet.CA reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts also recently issued reports about the stock. Raymond James dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating on the stock in a research note on Friday. Canaccord Genuity Group increased their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a research note on Monday, September 23rd. National Bankshares dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.00 to C$19.50 and set a “sector perform” rating on the stock in a research note on Friday. Royal Bank of Canada increased their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a research note on Friday. Finally, Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$21.75 and set an “outperform” rating on the stock in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Allied Properties Real Estate Investment Trust presently has an average rating of “Hold” and a consensus target price of C$20.08.

Allied Properties Real Estate Investment Trust Stock Down 2.2 %

Shares of AP.UN stock opened at C$17.96 on Friday. The company’s fifty day simple moving average is C$18.83 and its two-hundred day simple moving average is C$17.47. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The stock has a market cap of C$2.30 billion, a P/E ratio of -4.87 and a beta of 1.26. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.13 and a 52 week high of C$21.35.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.