Analysts Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$17.53

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have earned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$17.53.

A number of equities analysts have weighed in on the stock. Raymond James Financial cut 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 note on Friday, May 2nd. CIBC dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Desjardins dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “hold” rating for the company in a research report on Friday, May 2nd. Canaccord Genuity Group dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a “hold” rating for the company in a research report on Friday, May 2nd. Finally, Scotiabank dropped their price objective on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating for the company in a research report on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN opened at C$17.88 on Wednesday. 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 market capitalization of C$2.29 billion, a price-to-earnings ratio of -4.85 and a beta of 1.26. The company’s 50 day simple moving average is C$16.58 and its 200 day simple moving average is C$16.48. Allied Properties Real Estate Investment Trust has a 1 year low of C$13.44 and a 1 year high of C$20.74.

Allied Properties Real Estate Investment Trust Company Profile

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.