Brokerages Set Allied Properties Real Estate Investment Trust (TSE:AP.UN) Target Price at C$17.97

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have been assigned a consensus rating of “Reduce” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$17.97.

Several analysts recently issued reports on AP.UN shares. Desjardins downgraded Allied Properties Real Estate Investment Trust from a “hold” rating to a “sell” rating and set a C$18.00 price target for the company. in a research note on Monday, September 15th. Royal Bank Of Canada boosted their target price 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 report on Friday, August 1st. Raymond James Financial downgraded shares of Allied Properties Real Estate Investment Trust from a “market perform” rating to an “underperform” rating and boosted their price objective for the company from C$18.00 to C$18.75 in a report on Wednesday, October 8th. National Bankshares downgraded shares of Allied Properties Real Estate Investment Trust from a “sector perform” rating to an “underperform” rating and boosted their price objective for the company from C$16.00 to C$17.00 in a report on Wednesday, October 8th. Finally, TD Securities boosted their price objective on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$20.00 and gave the company a “buy” rating in a report on Thursday, July 31st.

Allied Properties Real Estate Investment Trust Trading Up 1.2%

Shares of TSE:AP.UN opened at C$18.95 on Friday. The business has a 50 day moving average of C$19.58 and a 200-day moving average of C$17.53. The stock has a market cap of C$2.65 billion, a PE ratio of -4.78 and a beta of 1.50. Allied Properties Real Estate Investment Trust has a 12-month low of C$13.44 and a 12-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.

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.