Desjardins Lowers Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target to C$15.50

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective decreased by research analysts at Desjardins from C$18.00 to C$15.50 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The firm currently has a “sell” rating on the real estate investment trust’s stock. Desjardins’ price objective would indicate a potential upside of 4.87% from the stock’s previous close.

Several other research firms have also recently issued reports on AP.UN. Canaccord Genuity Group cut their price target on shares of Allied Properties Real Estate Investment Trust from C$22.00 to C$18.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada dropped their target price on Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 in a research report on Friday. National Bankshares cut 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. TD Securities downgraded Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the company from C$20.00 to C$16.00 in a research note on Friday. Finally, Raymond James Financial dropped their price objective on Allied Properties Real Estate Investment Trust from C$18.75 to C$14.75 in a report on Friday. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of C$16.72.

Allied Properties Real Estate Investment Trust Stock Down 3.1%

AP.UN stock opened at C$14.78 on Friday. Allied Properties Real Estate Investment Trust has a one year low of C$13.44 and a one year high of C$22.27. The stock has a market capitalization of C$2.07 billion, a PE ratio of -3.60 and a beta of 1.50. 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$19.48 and a 200-day moving average of 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.