National Bankshares Cuts Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$19.50

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target trimmed by National Bankshares from C$20.00 to C$19.50 in a report released on Friday morning, BayStreet.CA reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the stock. Desjardins dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating for the company in a research note on Thursday, August 1st. Scotiabank upped their price objective on shares of Allied Properties Real Estate Investment Trust from C$21.00 to C$22.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Raymond James dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$18.00 in a research report on Friday, September 6th. Finally, Canaccord Genuity Group increased their target price on shares of Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Trading Down 2.2 %

TSE AP.UN opened at C$17.96 on Friday. Allied Properties Real Estate Investment Trust has a 12 month low of C$15.13 and a 12 month high of C$21.35. The company has a 50-day moving average of C$18.83 and a 200-day moving average of C$17.47. 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 market cap of C$2.30 billion, a P/E ratio of -4.87 and a beta of 1.26.

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.