Royal Bank Of Canada 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 objective cut by equities researchers at Royal Bank Of Canada from C$18.00 to C$16.00 in a report released on Friday,BayStreet.CA reports. Royal Bank Of Canada’s price target would suggest a potential upside of 8.25% from the company’s current price.

AP.UN has been the topic of several other reports. National Bankshares cut shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and upped their target price for the company from C$16.00 to C$17.00 in a research report on Wednesday, October 8th. TD Securities cut Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from C$20.00 to C$16.00 in a research note on Friday. Desjardins downgraded Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 price objective on the stock. in a research report on Monday, September 15th. Finally, Raymond James Financial cut Allied Properties Real Estate Investment Trust from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from C$18.00 to C$18.75 in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, Allied Properties Real Estate Investment Trust has a consensus rating of “Reduce” and an average target price of C$16.72.

Allied Properties Real Estate Investment Trust Trading Down 3.1%

Shares of AP.UN opened at C$14.78 on Friday. Allied Properties Real Estate Investment Trust has a fifty-two week low of C$13.44 and a fifty-two week high of C$22.27. 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’s fifty day moving average is C$19.48 and its 200 day moving average is C$17.62. The stock has a market capitalization of C$2.07 billion, a PE ratio of -3.60 and a beta of 1.50.

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.