Allied Properties Real Estate Investment Trust (TSE:AP.UN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Allied Properties Real Estate Investment Trust (TSE:AP.UN)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.51 and traded as high as C$18.59. Allied Properties Real Estate Investment Trust shares last traded at C$18.35, with a volume of 297,323 shares traded.

Wall Street Analyst Weigh In

AP.UN has been the subject of a number of analyst 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 for the company in a report on Friday, November 1st. Royal Bank of Canada upped their price objective on Allied Properties Real Estate Investment Trust from C$18.00 to C$19.00 and gave the company a “sector perform” rating in a report on Friday, November 1st. Canaccord Genuity Group boosted 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 report on Monday, September 23rd. Scotiabank dropped their price objective on 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, November 1st. Finally, Raymond James decreased their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 and set a “market perform” rating for the company in a research note on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Allied Properties Real Estate Investment Trust currently has a consensus rating of “Hold” and an average price target of C$20.08.

Allied Properties Real Estate Investment Trust Stock Down 0.2 %

The firm has a market cap of C$2.35 billion, a price-to-earnings ratio of -4.97 and a beta of 1.26. The firm has a fifty day simple moving average of C$18.96 and a 200-day simple moving average of C$17.51. 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 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.