Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Average Rating of “Hold” from Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is C$17.53.

AP.UN has been the topic of several research analyst reports. Royal Bank of Canada dropped their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Monday, May 5th. Canaccord Genuity Group lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a “hold” rating on the stock in a research report on Friday, May 2nd. CIBC lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. Raymond James lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a “market perform” rating on the stock in a research report on Friday, May 2nd. Finally, Desjardins lowered their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “hold” rating on the stock in a research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Up 1.7%

AP.UN opened at C$15.27 on Tuesday. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$13.44 and a fifty-two week high of C$20.74. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. The company has a fifty day moving average of C$15.44 and a two-hundred day moving average of C$16.72. The stock has a market capitalization of C$1.95 billion, a price-to-earnings ratio of -4.14 and a beta of 1.26.

About Allied Properties Real Estate Investment Trust

Allied Properties Real Estate Investment Trust is a real estate investment trust engaged in the development, management, and ownership of primarily urban office environments across Canada’s major cities. Most of the total square footage in the company’s real estate portfolio is located in Toronto and Montreal.