Raymond James 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 objective decreased by Raymond James from C$21.00 to C$20.00 in a report released on Friday, BayStreet.CA reports. Raymond James currently has a market perform rating on the real estate investment trust’s stock.

AP.UN has been the topic of a number of other reports. National Bankshares cut their price objective on 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. Scotiabank raised their price objective on 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. Canaccord Genuity Group raised their target price on Allied Properties Real Estate Investment Trust from C$17.50 to C$18.50 and gave the company a “hold” rating in a report on Monday, September 23rd. Finally, Desjardins lowered their target price on Allied Properties Real Estate Investment Trust from C$19.00 to C$18.50 and set a “hold” rating on the stock in a report on Thursday, August 1st. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has an average rating of “Hold” and a consensus price target 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 stock’s 50 day simple moving average is C$18.83 and its 200 day simple moving average is C$17.47. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a twelve month low of C$15.13 and a twelve month high of C$21.35. The company has a market capitalization of C$2.30 billion, a price-to-earnings ratio of -4.87 and a beta of 1.26.

Allied Properties Real Estate Investment Trust Company Profile

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.