Raymond James Financial 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 lowered by research analysts at Raymond James Financial from C$18.75 to C$14.75 in a research note issued on Friday,BayStreet.CA reports. Raymond James Financial’s price objective indicates a potential downside of 0.20% from the company’s current price.

A number of other equities research analysts also recently commented on AP.UN. Desjardins downgraded Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 target price for the company. in a report on Monday, September 15th. Royal Bank Of Canada decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 in a research note on Friday. TD Securities lowered shares of Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from C$20.00 to C$16.00 in a research note on Friday. Finally, National Bankshares cut shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and raised their target price for the stock from C$16.00 to C$17.00 in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of C$16.72.

Allied Properties Real Estate Investment Trust Stock Performance

Shares of AP.UN opened at C$14.78 on Friday. 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 stock has a 50-day moving average of C$19.48 and a two-hundred day moving average of C$17.62. The stock has a market cap of C$2.07 billion, a P/E ratio of -3.60 and a beta of 1.50. Allied Properties Real Estate Investment Trust has a one year low of C$13.44 and a one year high of C$22.27.

About Allied Properties Real Estate Investment Trust

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.