Allied Properties Real Estate Investment Trust (TSE:AP.UN) Given Average Recommendation of “Hold” by Analysts

Allied Properties Real Estate Investment Trust (TSE:AP.UN) has been given a consensus rating of “Hold” by the eight brokerages that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$17.53.

A number of equities research analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of Allied Properties Real Estate Investment Trust from C$17.75 to C$15.50 and set a “hold” rating on the stock in a research note on Friday, May 2nd. Desjardins reduced 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. Raymond James decreased their price objective on shares of Allied Properties Real Estate Investment Trust from C$16.50 to C$16.25 and set a “market perform” rating for the company in a report on Friday, May 2nd. Scotiabank dropped their target price on Allied Properties Real Estate Investment Trust from C$20.50 to C$19.00 and set an “outperform” rating on the stock in a report on Friday, May 2nd. Finally, Royal Bank of Canada cut their target price on 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 research report on Monday.

Allied Properties Real Estate Investment Trust Stock Down 0.1 %

Shares of Allied Properties Real Estate Investment Trust stock opened at C$14.60 on Friday. The company has a debt-to-equity ratio of 71.71, a current ratio of 0.45 and a quick ratio of 0.12. Allied Properties Real Estate Investment Trust has a 1-year low of C$13.44 and a 1-year high of C$20.74. The business’s fifty day moving average price is C$15.95 and its two-hundred day moving average price is C$17.11. The company has a market capitalization of C$1.87 billion, a P/E ratio of -3.96 and a beta of 1.26.

About Allied Properties Real Estate Investment Trust

Allied is a leading owner-operator of distinctive urban workspace in Canada's major cities. Allied's mission is to provide knowledge-based organizations with workspace that is sustainable and conducive to human wellness, creativity, connectivity and diversity. Allied's vision is to make a continuous contribution to cities and culture that elevates and inspires the humanity in all people.