National Bankshares Has Lowered Expectations for Allied Properties Real Estate Investment Trust (TSE:AP.UN) Stock Price

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price target cut by equities research analysts at National Bankshares from C$16.25 to C$16.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. National Bankshares’ price objective would suggest a potential downside of 6.32% from the stock’s current price.

A number of other research firms have also commented on AP.UN. Canaccord Genuity Group cut 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. Raymond James Financial lowered their target price 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. Scotiabank lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Royal Bank Of Canada lowered 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 note on Monday, May 5th. Finally, Desjardins lowered their target price 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 note on Friday, May 2nd. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$17.64.

Allied Properties Real Estate Investment Trust Price Performance

AP.UN stock opened at C$17.08 on Thursday. The firm has a 50 day moving average of C$17.09 and a 200-day moving average of C$16.52. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. Allied Properties Real Estate Investment Trust has a 12 month low of C$13.44 and a 12 month high of C$20.74. The firm has a market capitalization of C$2.19 billion, a P/E ratio of -4.63 and a beta of 1.26.

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.