Allied Properties Real Estate Investment Trust (TSE:AP.UN) Price Target Cut to C$21.00

Allied Properties Real Estate Investment Trust (TSE:AP.UN) had its target price decreased by Scotiabank from C$21.25 to C$21.00 in a report released on Thursday morning, BayStreet.CA reports. Scotiabank currently has an outperform rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued research reports about the company. 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. TD Securities cut their price target on Allied Properties Real Estate Investment Trust from C$21.00 to C$20.00 in a report on Wednesday, April 24th. Canaccord Genuity Group cut their price target on Allied Properties Real Estate Investment Trust from C$20.25 to C$18.75 and set a buy rating for the company in a report on Thursday, May 2nd. National Bankshares cut Allied Properties Real Estate Investment Trust from an outperform rating to a sector perform rating and set a C$18.50 target price for the company. in a report on Thursday, July 18th. Finally, Raymond James dropped their target price on Allied Properties Real Estate Investment Trust from C$19.25 to C$19.00 and set a market perform rating for the company in a report on Thursday, May 2nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Allied Properties Real Estate Investment Trust currently has an average rating of Moderate Buy and a consensus target price of C$19.58.

Allied Properties Real Estate Investment Trust Stock Up 0.7 %

TSE AP.UN opened at C$16.45 on Thursday. The stock’s 50-day moving average price is C$16.45 and its 200-day moving average price is C$17.24. 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$21.97. The company has a market capitalization of C$2.10 billion, a P/E ratio of -4.31 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.