Allied Properties Real Estate Investment Trust (TSE:AP.UN) Rating Lowered to “Hold” at TD Securities

Allied Properties Real Estate Investment Trust (TSE:AP.UN) was downgraded by research analysts at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Friday,BayStreet.CA reports. They presently have a C$16.00 target price on the real estate investment trust’s stock, down from their prior target price of C$20.00. TD Securities’ target price would suggest a potential upside of 8.25% from the stock’s current price.

Several other brokerages also recently weighed in on AP.UN. National Bankshares downgraded Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and raised their price target for the company from C$16.00 to C$17.00 in a report on Wednesday, October 8th. Raymond James Financial downgraded shares of Allied Properties Real Estate Investment Trust from a “market perform” rating to an “underperform” rating and increased their price objective for the company from C$18.00 to C$18.75 in a research report on Wednesday, October 8th. Royal Bank Of Canada raised their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Friday, August 1st. Finally, Desjardins downgraded shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 target price on the stock. in a research note on Monday, September 15th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of “Reduce” and a consensus price target of C$16.72.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust stock opened at C$14.78 on Friday. Allied Properties Real Estate Investment Trust has a twelve month low of C$13.44 and a twelve month high of C$22.27. The company has a quick ratio of 0.12, a current ratio of 0.45 and a debt-to-equity ratio of 71.71. The company has a market capitalization of C$2.07 billion, a P/E ratio of -3.60 and a beta of 1.50. The stock’s 50 day moving average is C$19.48 and its 200 day moving average is C$17.62.

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.