Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Consensus Rating of “Hold” by Brokerages

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has earned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$17.53.

Several research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Monday, May 5th. Canaccord Genuity Group lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a “hold” rating for the company in a report on Friday, May 2nd. Scotiabank lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating for the company in a report on Friday, May 2nd. CIBC lowered their target price on shares of Allied Properties Real Estate Investment Trust from C$19.00 to C$17.50 and set a “neutral” rating for the company in a report on Friday, May 2nd. Finally, Desjardins decreased their price target on shares of Allied Properties Real Estate Investment Trust from C$18.00 to C$17.00 and set a “hold” rating for the company in a research note on Friday, May 2nd.

Allied Properties Real Estate Investment Trust Trading Up 1.7%

Shares of Allied Properties Real Estate Investment Trust stock opened at C$15.27 on Tuesday. The company has a fifty day simple moving average of C$15.44 and a 200-day simple moving average of C$16.72. Allied Properties Real Estate Investment Trust has a 12-month low of C$13.44 and a 12-month high of C$20.74. The company has a current ratio of 0.45, a quick ratio of 0.12 and a debt-to-equity ratio of 71.71. The stock has a market cap of C$1.95 billion, a price-to-earnings ratio of -4.14 and a beta of 1.26.

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.