Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Lowered to C$15.50 at CIBC

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its price objective cut by CIBC from C$17.00 to C$15.50 in a research note issued to investors on Monday morning,BayStreet.CA reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. National Bankshares cut Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and upped their price target for the stock from C$16.00 to C$17.00 in a report on Wednesday, October 8th. Canaccord Genuity Group decreased their price target on 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. TD Securities cut Allied Properties Real Estate Investment Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$20.00 to C$16.00 in a report on Friday. Royal Bank Of Canada decreased their price target on Allied Properties Real Estate Investment Trust from C$18.00 to C$16.00 and set a “sector perform” rating for the company in a report on Friday. Finally, Desjardins decreased their price target on Allied Properties Real Estate Investment Trust from C$18.00 to C$15.50 and set a “sell” rating for the company in a report on Friday. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of C$16.47.

Allied Properties Real Estate Investment Trust Stock Down 3.0%

Shares of TSE:AP.UN opened at C$14.33 on Monday. The company has a debt-to-equity ratio of 71.71, a quick ratio of 0.12 and a current ratio of 0.45. Allied Properties Real Estate Investment Trust has a 1 year low of C$13.44 and a 1 year high of C$22.27. The stock has a market capitalization of C$2.00 billion, a P/E ratio of -3.49 and a beta of 1.50. The stock has a 50-day simple moving average of C$19.40 and a 200-day simple moving average of C$17.63.

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.