Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Hold” by Analysts

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is C$17.64.

Several equities analysts have issued reports on the company. Desjardins boosted their target price on Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “hold” rating in a research report on Thursday, July 31st. TD Securities boosted their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Royal Bank Of Canada boosted their target price on Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Friday, August 1st. Finally, National Bankshares lowered their price target on Allied Properties Real Estate Investment Trust from C$16.25 to C$16.00 and set a “sector perform” rating on the stock in a report on Thursday, July 31st.

Allied Properties Real Estate Investment Trust Stock Performance

TSE AP.UN opened at C$18.64 on Thursday. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The business’s 50 day moving average is C$17.83 and its two-hundred day moving average is C$16.66. 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 stock has a market capitalization of C$2.61 billion, a price-to-earnings ratio of -4.70 and a beta of 1.49.

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.