Allied Properties Real Estate Investment Trust (TSE:AP.UN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Allied Properties Real Estate Investment Trust (TSE:AP.UN) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is C$19.78.

Several analysts recently issued reports on the company. Scotiabank decreased their target price on Allied Properties Real Estate Investment Trust from C$21.75 to C$21.25 and set an “outperform” rating on the stock in a research note on Thursday, May 2nd. Canaccord Genuity Group decreased their target price on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. Raymond James decreased their target price on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a “market perform” rating on the stock in a research note on Thursday, May 2nd. TD Securities decreased their target price on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a research note on Wednesday, April 24th. Finally, Royal Bank of Canada cut their price target on Allied Properties Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Friday, May 3rd.

Allied Properties Real Estate Investment Trust Stock Down 0.3 %

TSE AP.UN opened at C$17.77 on Thursday. The stock’s 50-day moving average price is C$16.47 and its 200-day moving average price is C$17.36. The company has a quick ratio of 0.12, a current ratio of 0.67 and a debt-to-equity ratio of 62.23. Allied Properties Real Estate Investment Trust has a 52 week low of C$15.01 and a 52 week high of C$22.08. The company has a market capitalization of C$2.27 billion, a P/E ratio of -4.65 and a beta of 1.17.

Allied Properties Real Estate Investment Trust Company Profile

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.